Sell Block for Thursday, June 21, 2007 - Sell Block Archive

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Jun.22

11:22 AM ET

Friday, 22 Jun 2007

Sell Block

Posted By:Tom Brennan

Topics:Energy | Stock Market | Stock Picks

Sectors:Industrial Goods and Services | Retail

When you have double-digit gains, you have to take profits. Bulls, bears, hogs…you know the rule.

So with so many of Cramer’s recommendations up this week, it was time to stash some cash and start playing with the house’s money.

Remember those “benefit of the doubt” retailers Cramer highlighted back in March? Well, VF Corp. [VFC Loading... () ] is up more than 11%, Ralph Lauren [RL Loading... () ] is up more than 12%, and RadioShack [RSH Loading... () ] is up more than 22%. It’s probably a good idea to take at least 25% off the table – maybe more of RadioShack – and position yourself for higher prices, Cramer said. You don’t want all these gains getting wiped out.

Cramer also ran a segment in March about how to pick through the rubble for good stocks after that big sell-off. He thought General Cable [BGC Loading... ()

], First Solar [FSLR Loading... ()

] and Chemed [CHE Loading... ()

] fit the bill. Since his call, those stocks are up 56%, 68% and 44%, respectively.

The Supreme Court said global warming was a problem when it handed down a decision on Massachusetts vs. the Environmental Protection Agency. Cramer’s green plays on that ruling were Fuel Tech [FTEK Loading... () ], Foster-Wheeler [FWLT Loading... () ] and Shaw Group [SGR Loading... () ], and all of them are up significantly since then. Again, it’s time to take profits if you haven’t already.

Click for the rest of tonight's show

As for the odds and ends, it’s probably time to cash out of FC Stone [FCSX Loading... () ] and Oakley [OO Loading... () ], which are up 34% and 74%, respectively. The same goes for Clearwire [CLWR Loading... () ] at $23. Cramer recommended it in the mid-teens, and it has been a rough ride since. He’s sick of fighting with it.

Bottom Line: Anything you have with a double-digit percentage gain, it’s time to take something off the table and put it in the sell block.

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