NEW YORK ( TheStreet) -- "This market has more ways to win than a casino," Jim Cramer told his "Mad Money" TV show viewers on Wednesday. He said the averages only tell part of this market's remarkable story.
He said hostile takeovers are just one way to win, as Illumina (ILMN) proved today when it received a hostile bid after languishing for months. He said there's also money to be made in what he called the "reversal trade," betting that the markets will rebound after a down opening. This was also proven today, he said, as the market created countless intraday bargains.There's even money to be made on downgrades, as Goldman Sachs (GS) showed investors today. That stock finished nearly flat on the day, despite a downgrade that just a few months ago, would have sent the stock down for days. Cramer said the ways to win also include "faux" earnings misses, earnings that are reported as bad, but are actually good. Investors can also win with commodities, as gold and copper proved today when both opened lower, only to fly into the close. And finally, there's Apple (APPL), a stock which Cramer owns for his charitable trust,