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No one ever got hurt taking a little profit. That was the theme of Cramer’s Tuesday appearance on Stop Trading!, where he said Tuesday’s market sell-off seemed due.
Ring the register and take gains on some of the more parabolic movers, he said. Don’t worry -- you’ll be able to buy them back later.
The Mad Money host said he’d still be a buyer of many of the steel stocks, specifically Nucor [NUE
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] on its secondary offering. He also remains bullish on rails like Union Pacific [UNP
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] and CSX [CSX
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], although he’d still take some profits there “just as a prudence method.”
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