Top Takes From RealMoney

The RealMoney contributors are in the business of trading and investing all day on the basis of ongoing news flow. Below, we offer the top five ideas that RealMoney contributors posted today and how they played those ideas.

Third and 9 out of the Shotgun

By Jim Cramer
6:42 a.m. EDT

That's Obama's speech tonight on health care. And I don't like third and 9s. I still think the UnitedHealth(UNH Quote)/Wellpoint(WLP Quote) trade is a good one. It is only the strengthening economy that makes it look less than it really is. People would rather own United Tech(UTX Quote) and Emerson(EMR Quote)...

Positions: Long EMR

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Kraft/Cadbury Battle

By Don Dion
6:36 a.m. EDT

Look for Warren Buffett to bring sanity to the Kraft(KFT Quote) hostile bid for Cadbury(CBY Quote). As Kraft's major shareholder, Buffett should advise Kraft management to walk away after their generous bid was rejected by Cadbury's board. No need to overpay and take on massive debt. If this happens, look for KFT to rally and continue to pay its generous dividend.

No positions

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Asian Buying of Treasuries Overnight

By Tom Graff
8:42 a.m. EDT

The Treasury market was higher during the Asian session; supposedly there was strong buying of the two-to-five-year part of the curve. The 10-year was also up a quarter-point at its peak during the session. But apparently U.S. traders weren't of the same mind. The 10-year quickly gave up its gains after 7 a.m. EDT as U.S. traders arrived at their terminals. We're now down one-eighth from yesterday's close and three-eighths from the overnight high.

Today the Treasury will reopen the 10-year with a fresh $20 billion, and tomorrow they'll add $12 billion on to the long bond. Technically, the 10-year looks weak to me, so a weak auction probably has more downside than a strong auction has upside.