Cramer reviewed how stocks are escaping the strike price traps from many stock options: said AIG not going back down to $70 and JNJ not going back down to $65 is a net-good for these names. We have been trapped by options expiration, but with stocks pulling away from the strike prices it makes him like the market even more.
Cramer likes these in tech: RIMM/AAPL/MRVL/STX/ERTS
He still likes J&J (JNJ), but said Schering Plough (SGP). seems to be up too much for now.
Cramer was still positive on Chevron (CVX) & Exxon (XOM) and he was very curious about why CVX was downgraded.
Citigroup (C) not going down and Bank of America (BAC) not making a bad deal all lend well for the financials and the market.
As he said, “This Market’s Going Higher”…..
Jon C. Ogg
December 14, 2006
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