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The shorts could be gearing up for another run at the subprime lenders, Jim Cramer said on TheStreet.com TV's Wall St. Confidential Webcast Wednesday.
After those lenders "took the shorts apart" on Tuesday, the shorts won't just sit back and take it, he told Gregg Greenberg, the host of Wall St. Confidential. "It's imperative upon the shorts to start new rumors right now just to be able to claim the rally was a short squeeze.
"That's the way to play it," and it's how Cramer would have played it if he were still at his hedge fund, he said. ...
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