Did you miss last night's "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways:
In his "No Huddle Offense" segment, Cramer asked whether investors are nimble enough to sell a stock, then get back in immediately at a lower price. If you're a hedge fund manager, you likely are nimble enough to trade stocks minute-by-minute, but for most average investors, that's not the case.
So when it comes to a stock like Bank of America (BAC) - Get Report , where short-term traders are looking to take profits and run, and at the same time, long-term investors are looking to build a base for the upcoming Trump administration, it may be difficult to determine which way shares are headed on any given day.
Cramer said he doesn't see shares falling back to the $16 or $17 level, but he also thinks it will be tough to rally beyond $23 a share given how many traders are looking to sell.
That's why he suggested investors take a longer-term view and just hold on to Bank of America for the next four years.
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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.