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There's some really bizarre buying out there today that just drives me crazy. OK, why is someone bidding Lowe's (LOW - commentary - Cramer's Take) up? I like the stock, but there's no sign that you are getting more robust numbers than what's built into the analysts model.
Reliance Steel (RS - commentary - Cramer's Take) makes sense off the Goldman upgrade. But that can be left to be bought on Monday. Freeport (FCX - commentary - Cramer's Take) rallies, but that's been endless. Why not give that one a break? Oh, and Under Armour (UA - commentary - Cramer's Take)? No news there, either. I think all of these are simply the result of overly motivated buyers who want these stocks up and won't let them come in. Not the way to play the game. At the time of publication, Cramer was long Goldman Sachs.
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. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his 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. Brokerage Partners
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