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NEW YORK ( TheStreet) -- "Cut your losses as fast as you can, but let the winners run," Jim Cramer told the viewers of his "Mad Money" TV show Thursday, as he reminded them that there is plenty of time to make money in 2011.

Cramer said while fear should always temper greed, investors are in a very forgiving market, where they can afford to wait and not make snap judgements. Patience, he said, will be rewarded.

Case in point, Marathon Oil ( MRO), a stock which Cramer had owned for his charitable trust, Action Alerts PLUS , but sold earlier in the year.

Cramer said after Marathon reported a disappointing quarter, he scaled out of Marathon and into rival Hess ( HES). But today Marathon surged 9% on the news that the company is splitting itself into two, thereby unlocking tremendous value.

Cramer reminded investors that they should never second guess a trade that made a profit but, he noted, in this case he was too quick to count Marathon out and move on.

The same can be said for ITT ( ITT), which also split itself into two earlier this week for big gains. Cramer said he's now scouring the markets for other companies that may also be able to unlock value sooner as opposed to later.

He said that Vale ( VALE) and Bank of America ( BAC), another Action Alerts PLUS name, are two likely candidates.

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