Stop Trading!: RIMM Going to $150
With Marty Sullivan out as chief of AIG , a big hole has opened on Cramer’s CEO Wall of Shame. Be sure to watch Mad Money tonight at 6 & 11 pm ET to see who will have the priviledge of being inducted to this coveted list.
On Research In Motion , Cramer predicted shares top the current 52-week high and hit $150. RIM is one of the very few tech stocks the Mad Money host likes as more than just a trade. Even though it has 40 times the market share of the BlackBerry maker, Nokia suffers from a lack of momentum in a market that is entirely momentum-driven, Cramer said. RIM is simply “the one.”
Agriculture and machinery stocks Agco and Titan Machinery look like they’re ready to “break out big time,” he added.
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