Rules still apply. We are jettisoning small portions of the stocks that are up 12, 14 and 16 points, but we are not letting go of stocks that are up small and have great fundamentals. We can't let expiration dictate our every move.
Join the discussion on
Message Boards. That said, please take note of the stocks that are blowing past the strikes (options strikes) and remember how much power -- raw, natural buying power -- it takes to do that.
These are strong stocks, and when you see some sort of pullback in them, you and I will be battling to take them right back up (with
being the best example).
Now get back in there and make some money. On days like today, the index boys are handing it to us. Don't blow it!
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Microsoft. 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