It's not good to have enemies on Wall Street. Bill Ackman seems to have more than his fair share. And Cramer thinks they're about to gang up on him.
Ackman, a widely followed hedge fund manager, has landed in crosshairs after firing off an angry letter in which he voiced frustration with the board of JC Penney and the slow speed at which they were moving as they attempted to permanently fill the CEO job.
The move generated significant ire on Wall Street, particularly among other money managers who are short JC Penney stock.
It's hardly the first time that Ackman has rubbed peers the wrong way. Billionaire investor Carl Icahn publicly hurled insults at Ackman on CNBC in a conversation about Herbalife, a company that Ackman is short and Icahn is long.
Meanwhile, on Monday, hedge fund manager Dan Loeb took aim at Ackman in another on-going feud, writing, "Never interfere with an enemy when he is in the process of destroying himself."
No stranger to the rivalry that's widespread in the hedge fund world, Cramer believes other big money players may start betting against Ackman's positions – if for no other reason than to amplify his woes.
"I believe that right now a bunch of shark hedge funds are circling around Pershing Square, Bill Ackman's company, betting against him," Cramer said.