It is getting harder for the bears to raid this market.
For months the bears will able to rumor down stocks pretty easily. But the peak came in the last two weeks with the
Here a perfectly good semiconductor equipment company virtually collapsed as bears spread nasty rumors about shortfalls. Even after the company point blank denied it, the stock got hit again. It was like a punch-drunk fighter.
Well, someone must have rung the bell because TER has come back out fighting. It is now up 20 points from the raid. Straight points.
When the tape is terrible, you knock a stock like this down and it stays down. When the tape gets better, it takes a six count and comes roaring back.
The tape has gotten better.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any of the stocks mentioned. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at