But when a company says it sees a strong trajectory and has visibility -- remember visibility? -- into the first half of 2007, you have something it is just too painful to be short.
Johnson Controls is something that the shorts have long agitated about, almost as long as they've been on Harley-Davidson (HDI - commentary - Cramer's Take). I have been adamant and have gotten behind JC ever since it bought York International and got into the climate control game. That has trumped the old automotive reliance. I believe that climate controls is now the driver. (Heaven help us if that would ever again be the driver for Honeywell (HON - commentary - Cramer's Take).)
Both Cymer and JC had fairly large option positions, too, struck at $75 and $50, respectively, that may have gone awry.
At the time of publication, Cramer had no positions in the stocks mentioned.
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Jim Cramer Blog All's Well in Oil Wells 4/19/2006 2:07 PM EDT Oil's run isn't ending, and we are starting to return to the drillers.
Jim Cramer Blog Procter & Gamble Trades Too Low 4/19/2006 1:20 PM EDT There's only good news in store for the stock, but its multiple has shrunk unfairly.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here. TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.
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