Cramer's 'Stop Trading': RIM Will Rebound

It's a "tough time now that the quarter is over," Jim Cramer told viewers of CNBC's "Stop Trading!" segment on Thursday. Cramer added that the market appears to be setup to lose another 400 to 500 points over the next 10 days.

Beginning with the automotive industry and General Motors(GM - Cramer's Take - Stockpickr), Cramer said the company doesn't have too many options left. Cramer says it can "cram down common stock or cut the dividend" -- and it has cut the dividend before. Cramer said getting rid of the dividend wouldn't mean much, and then General Motors could bury the common stock with preferred stock. If he still ran his hedge fund, Cramer said, he would sell off common stock and wait for the company to issue preferred.

Moving on to the tech sector, when asked about Research In Motion(RIMM - Cramer's Take - Stockpickr), Cramer said to "buy RIMM as they slam it." Cramer stated that this is just a bad day for the markets and that it didn't really matter what Research In Motion put out, because it would have gotten hit anyway.