Not a Great Moment to Be Short

Shorts can't stop shorting? Or covering? When you see a Crocs (CROX - commentary - Cramer's Take) go up like this, day after day, you know that's shorts coming in and taking it up or trying to short and cover again. The stock still has only two major research houses writing on it. My rule is that until there are four, you are still in great shape.

Apple (AAPL - commentary - Cramer's Take)? Every mutual fund wants into this one -- it's easy to take up and mark.

Same with Cummins (CMI - commentary - Cramer's Take). Another classic no-news mark-up; what a great way to show you figured out infrastructure. Defense stocks, too.

Tech wants to go higher, with Nokia (NOK - commentary - Cramer's Take) and H-P (HPQ - commentary - Cramer's Take) shining. People are buying some losers, too, such as Motorola (MOT - commentary - Cramer's Take), which is simply too low to stay down here much longer.

Don't forget that we are seeing markups of China stocks, too.

And Garmin (GRMN - commentary - Cramer's Take) and Research In Motion (RIMM - commentary - Cramer's Take) are breaking out.

Just lots of goodies, lots of battles being won by the longs.

Not a great moment to short.

At the time of publication, Cramer was long Hewlett-Packard.

ALL JIM CRAMER BLOG ENTRIES | POST A COMMENT | READ COMMENTS  

---

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.