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. is up more than 11%, Ralph Lauren is up more than 12%, and RadioShack 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.