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Anytime the market is up significantly, the way to make money is by being aggressive, Jim Cramer told viewers of his "Mad Money" TV show Wednesday.
Because the market was "en fuego" Wednesday, Cramer said he believes that people should start making trades.
In particular, Cramer advised his viewers to make a trade on
Research In Motion
The Waterloo, Ontario-based company is involved in the design, manufacture and marketing of wireless products for the mobile-communications market. Many people may know the company best as the maker of the BlackBerry device.
RIM shot up to $90 and reached its peak in March, and the stock has been down since then, Cramer said, adding that this stock is now beckoning.
After two horrible quarters, the company is set to report its fiscal year 2007 first quarter on June 29, he said. Research In Motion is not an investment, but a trade because it is like a rollercoaster, Cramer emphasized.
RIM has a new 8700 BlackBerry model, which is currently offered by
, but in the summer, this model will be offered by
When that happens, sales will soar, Cramer said.
Right now there is a lot of negativity toward RIM, and even though it is risky to bet on a stock before the end of a quarter, Cramer believes that the company will report better-than-expected earnings.
Although the company has seen abrupt and extreme changes, Cramer believes that it can't go much lower.
Cramer believes that when the 8700 model starts appearing in Verizon stores, the stock will bounce back. That's when it's time to sell the stock, he says.
Conglomerates such as
(GE - Get Report)
have been buying similar-looking medical-equipment companies, Cramer said.
In the last year, there has been $60 billion in acquisitions in this space, and the reason for buying is demographics, Cramer said. America is aging rapidly, and Americans will do anything to look younger.