Jim Cramer: Herb, Don't Read This
This column first appeared on Real Money on Sept. 27 at 4.37 p.m. EST.
NEW YORK (TheStreet) -- Memo to Herb Greenberg: Do not read this column because my motto is "if you can't beat 'em, join 'em."
Go buy some Celgene
Do it all with deep-in-the-money calls. You will get a chance in the next few days as the government shutdown comes.
These are, as I have said here often, the anointed stocks. These are the ones the institutions own.
I used to be like Herb. I saw it for what it was, what they are doing, just like Herb does. It's transparent. It mocks the process.
But they don't make it hard, Herb. They make it easy. They leave footprints everywhere. They don't disguise their buying.
And we know as the quarter comes to a close that these stocks will be loved and bid for during every decline.
Others are being eyed for anointment. Chipotle's
Now we know that this game ends and Herb gets to be right a la Intuitive Surgical
So, I am sorry Herb. But the cult of anointment only grows stronger in the fourth quarter.
Don't you just hate me? Ha, you did read it. Told ya not to.
Written by Jim Cramer
Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long FB.