Cramer gave investors an inside look as to why Research In Motion (RIMM) went up seven points on Monday. He explained that Rod Sanderson, an analyst with American Technology Research raised his 2009 earnings estimates for the BlackBerry maker to $4.60 a share from $4.25, and upped his price target to $205. “The rest of the street now must bow to Sanderson’s wisdom,” Cramer said. Cramer explained that now that Sanderson (the analyst that knows RIMM the best) has raised estimates to the “street high” the rest of Wall Street is following his lead. “The shorts cannot put out this fire,” he said.
Chat and share ideas with the best small cap traders LIVE each day free at Stocknetworkonline.com