Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
NEW YORK (TheStreet) -- Sometimes selloffs can be bad, but most of the time they're opportunities to buy, buy, buy, Jim Cramer told his Mad Money viewers Tuesday. When the market gives you an opportunity, you should take it.
Cramer used this logic when considering buying United Technologies (UTX) for his charitable trust, Action Alerts PLUS, today. His thesis was that HVAC sales should be strong as the U.S. economy continues to heat up, something that was confirmed when HD Supply (HDS) reported earlier today. So when United Technology shares fell, he was ready to pounce.
Cramer admitted that perhaps his thesis is wrong, or he wasn't able to time the exact bottom in UTX, but that's why he invests for the longer term and buys positions in stages as stocks fall. He was too early recommending General Motors (GM) another Action Alerts PLUS holding, for example, and shares of Rite-Aid (RAD) still haven't settled since last week's recommendation. But that doesn't matter, Cramer said -- his theses for both these names remain intact.When stores put merchandise on sale at the mall, people flock to it, Cramer noted, so when the markets put your favorite stocks on sale, investors need to be ready to pounce.