As Acme's share lockup expires April 10, market players still have time to let the stock run, he said. But when the lockup does expire, "it will hurt."
However, people don't need to worry about this for the next couple of months, Cramer said. Acme is "too cool not to handle, and it is far from being too hot," he told viewers.
Hedge Fund Follies
Right now, hedge fund managers who have not performed so well this last year are trying to knock the market down as much as they can, because they are trying to close the gap between the performance of their funds and the performance of the Dow, Cramer explained. They are selling stocks such as Apple (AAPL Quote), Google (GOOG Quote) and Goldman Sachs (GS Quote), which he owns for his charitable trust, Action Alerts PLUS, he said. As all of these stocks are "symbolic of the market," the managers are trying to knock them down by selling them cheaply, Cramer said. There's "tremendous pin action when this happens," and it "worries" the market, which is their goal, he went on to say. The fund managers want to spread worry, and do whatever they can to hurt the market. And the hedge funds that have performed well and are bulls are not around to stop this "lunacy" because they're too busy celebrating their double-digit victory over the last year, Cramer said.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,270.47 | 1,093.48 | 2,167.88 | 34.29 |
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