Jim Cramer has been getting a lot of flak, and he's not happy about it, he told his "RealMoney" radio show listeners Wednesday. That's because often the facts are not supporting the naysayers.
Cramer said his bullish call on Rediff(REDF Quote) was "the gutsiest call" he's made this year and that he was "bombarded with emails about what an idiot" he is, immediately after he made the call. Cramer recommended Rediff at around $16, and now it's near $32, doubling in just 18 days, he said. The Rediff call is something Cramer mentions to illustrate his point. Even though detractors insisted that he was a momentum chaser who knew nothing about the Indian Internet market, Cramer said that he had done his homework and truly believed that Rediff would run higher. Moreover, Cramer reminded listeners that he has never recommended putting all of one's position on at the same time and that he always tells people to ring the register and take some off the table as their stocks run higher. Critics say that Cramer only likes Nabors(NBR Quote) and Halliburton(HAL Quote) at their highs, and then he distances himself when they hit their lows. He reminded listeners that he recommended Halliburton a year ago during a talk delivered at the 92nd Street Y in New York City. He added that at $27, Halliburton was then the single best stock he knew and that he has remained behind the company ever since.
When the stock ran up to the $60s and then backed up to the $50s, Cramer said that he was still supportive of the stock and that he was bullish even when it split.
At that point, Cramer said he was so bullish that he even forgot to tell people to ring the register and take some -- not all -- off the table so that they could lock in profits.
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