Jim Cramer's naming names.
On today's Wall St. Confidential video, Cramer told Gregg Greenberg about the
"Dirty Dozen" subprime stocks
that everyone is shorting.
But Cramer said he doesn't want to short -- or go long -- these names.
"I wanted people to know what
the shorts are leaning on" so that people can decide for themselves if stocks such as
are "survivors," he said. "I presented the list not to say these businesses are going out of business but to say these are the targets, be careful."
Other stocks on the list include:
- CharterMac (CHC)
- Friedman Billings
- Fremont General (FMT)
- Redwood Trust (RWT) - Get Report
- Newcastle Investment (NCT)
- American Home Mortgage (AHM)
- Gramercy (GKK)
- Accredited (LEND) - Get Report
- Thornburg Mortgage (TMA)
- CapitalSource (CSE)
The fact that the market is taking a break from pounding subprime mortgage stocks today is related to options expiration week, Cramer continued. Because the floor traders are going to get a look at Friday's expiration at 2:30 p.m. EDT, he said he wouldn't "make any judgments that were necessarily going to hold between now and 2:30.
"But once you're out of the woods at 2:45, you can act accordingly," Cramer said.
Of the battle brewing between
, Cramer told Greenberg he believes Viacom "has got the wrong approach here."
Viacom sued Google and YouTube for $1 billion in damages today over alleged copyright infringement.
"Google is an amazing tool for people to find out more and want more," Cramer said. "Viacom needs to understand that first run belongs to Viacom and they don't get residual of second run anymore."
Viacom wants "to roll back the clock, which has never been a very smart strategy," he went on to say. "Google is here to stay."
At the publication, Cramer had no positions in stocks mentioned. Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click
here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click
here to order his book, "Real Money: Sane Investing in an Insane World," click
here to get his second book, "You Got Screwed!" and click
here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by
TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.