Cramer's TheStreet.com TV Recap: Games Hedge Funds Play

"A hedge fund that's not up a lot really has to do a lot to save itself now," Cramer said. "When you have six days and your company is in doubt because you're down, it's important to foment an impression that RIM is down, because RIM is the key today."

Although he estimated it would take between $15 million to $20 million to knock the stock down, he said it would be "fabulous" to do so because it would beleaguer all the longs who are keying on it. This is what we're seeing now, Cramer said. "When your company is in survival mode, it's important to defeat RIM."

RIM reported a really good quarter, it's a "terrific story" and the stock probably should be up. But being five days away "from making your quarter, you can't risk having RIM up this much," he said. (After trading as high as $140.11 intraday, RIM shares were recently down nearly 3% at $129.79.)

Similarly, it's important for market players who are short Apple (AAPL Quote) to spread rumors that Verizon (VZ Quote) and AT&T (T Quote) don't like Apple's new phone.

Cramer said Apple is an "ideal short," and said if he were short the stock, he would call six trading desks and say he just got off with his contact at Verizon, who said that the company has no room for Apple.