NEW YORK (TheStreet) -- TheStreet's Jim Cramer is with Debra Borchardt, answering the top questions from his Twitter feed.
Once again, there is big buyout in the biotech space, with
announcing a deal to acquire
The deal is worth $10 billion, and Cramer said it made sense to pay this much for a company currently doing $2 billion in sales.
He added that Amgen used to be a great innovator and this deal will allow it to become a great biotech company again.
NASDAQ OMX Group
continues to experience some fallout from last week's three-hour trading halt on its
"Nasdaq shut everybody down," said Cramer. "They basically said, 'Listen, what we did was good for retail, and being transparent was a mistake there,' and they got unchallenged, and all I can say is, 'Wow, they pulled it off again.'"
Securities and Exchange Commission
said it would look into testing some of the trading systems, but it did not mention anything about high-frequency trading, Borchardt said.
Cramer said you can't say anything negative about high-frequency trading, because if you do, "You run the risk of wrath."
He also said: "I don't think that high-frequency trading is a good thing, but ... they'll just say, 'Hey listen, how can you say that? You're against innovation; you're against financial engineering.' I am against things that hurt retail investors, but Nasdaq said what they did was pro retail investor, so I'd like to know more why that is, but that's what they said."
-- Written by Bret Kenwell in Petoskey, Mich.
At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, had no positions in the stocks mentioned.
Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.