Shorts Wrong About NVIDIA

Sometimes you just don’t short a $10 stock, Cramer said during Friday’s “Stop Trading,” when the balance sheet is strong and the share price is already down 60 percent.

Case in point: NVIDIA .

Cramer recommended the stock this past summer after CEO Jen-Hsun Huang appeared on “Mad Money” telling viewers that this quarter would be less than ideal but to look forward to Q4. That’s just what he said during Thursday’s earnings conference call as well. And NVDA caught an upgrade Friday from Needham.

Now the shorts are racing to cover their bets, which have pushed up NVDA’s share price on a day when the Dow is down about 93 points. Cramer thinks NVIDIA, trading at $13 and change on Friday, could reach $14-$15.

"What does it mean when the market is down the worst it's been down in a long time and a stock opens up 90 cents?" Cramer asked. "It means the shorts don't know what they're doing."

Elsewhere in tech, Cramer said Google is a buy as the company is taking share. He recommended using this pullback in GOOG to start or grow a position.

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