Jim Cramer: Don't Read This, Herb
This column first appeared on Real Money on Sept. 27 at 4.37 p.m. EST.
NEW YORK (
) -- Memo to Herb Greenberg: Do not read this column because my motto is "if you can't beat 'em, join 'em."
Go buy some
Celgene
(CELG) - Get Report
,
Biogen
(BIIB) - Get Report
,
Regeneron
(REGN) - Get Report
and
Gilead
(GILD) - Get Report
.Scoop up some
Netflix
(NFLX) - Get Report
,
Tesla
(TSLA) - Get Report
and
Amazon
(AMZN) - Get Report
. Get comfy with
(LNKD)
. Explore the possibility of
Priceline.com
(PCLN)
, and, yes, join
(FB) - Get Report
.
Do it all with deep-in-the-money calls. You will get a chance in the next few days as the government shutdown comes.
These are, as I have said here often, the anointed stocks. These are the ones the institutions own.
I used to be like Herb. I saw it for what it was, what they are doing, just like Herb does. It's transparent. It mocks the process.
But they don't make it hard, Herb. They make it easy. They leave footprints everywhere. They don't disguise their buying.
And we know as the quarter comes to a close that these stocks will be loved and bid for during every decline.
Others are being eyed for anointment.
Chipotle's
(CMG) - Get Report
stock has given off the aura. So has
Starbucks
(SBUX) - Get Report
. You can sense that the heavyweight momentum players aren't ever going to get enough of
Salesforce.com
(CRM) - Get Report
. Can you see the love, Herb, for
Tractor Supply
(TSCO) - Get Report
and
Lumber Liquidators
(LL) - Get Report
?
Now we know that this game ends and Herb gets to be right a la
Intuitive Surgical
(ISRG) - Get Report
. But I do not think he can be right for the rest of 2013. There's too much momentum here.
So, I am sorry Herb. But the cult of anointment only grows stronger in the fourth quarter.
Don't you just hate me? Ha, you did read it. Told ya not to.
Written by Jim Cramer
Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long FB.
At the time of publication, Cramer was long FB.
