Stop Trading!
Jim Cramer's 'Stop Trading!': GS Throwing Solar Flares
TheStreet.com Staff
10/07/08 - 03:58 PM EDT
NYSE Euroext(NYX) "had very good numbers for the month," said Jim Cramer on Tuesday's "Stop Trading!" segment on CNBC, "but I know that there's just gigantic sellers in NYX."
"I also wasn't happy that they're talking about how they're not in favor of the uptick rule anymore," he said. He's against the short ban, but "I just want the uptick back."
As for reports that there's a software problem in the way of that, he said: "There's a big software problem, but the software problem might not trump what's happening now in Merrill Lynch(MER), for instance."
Addressing solar power, Cramer mentioned that "Goldman Sachs has come out and said solar's no good."
People might have appreciated that call earlier, Cramer said, when First Solar(FSLR) was at $250, but he called the Goldman piece "daunting" and said it "is very well-reasoned. It's about average selling prices and a glut of solar panels."