NEW YORK (TheStreet) -- TheStreet's Jim Cramer, who co-manages the Action Alerts PLUS portfolio, said they are making some changes to a few of their positions.
Cramer was quick to note that Honeywell was far from a bad stock, but simply suggested that he wanted to trim the position since it has become too big in the portfolio.
He added that when stocks make big moves, investors need to trim the position and sell into some of the strength.
While he admitted that Linn had to pay a high premium for the deal, it's okay because of the positive direction that oil production is going.
He added that Berry Petroleum has solid assets in California and the deal is ultimately "terrific news" for Linn.
Cramer concluded that if the stock comes back down in the $25 to $29 range, he would be a buyer of Linn Energy.
-- Written by Bret Kenwell in Petoskey, Mich.