Tonight on CNBC's MAD MONEY, Cramer wanted to review a couple of stocks that the Short Sellers have wrong; he calls it SHORT BUSTING. This is where there are too many Short Sellers in the wrong stock under the wrong logic. Cramer said that when he used to short he was worried the stock he shorted was actually of value. When the Short Sellers have to cover in a short squeeze it can really make it move. He looks at the average volume-per-day and the insider buying.
Cramer thinks Waste Services (NASDAQ:WSII) is one of his plays and that the shorts are wrong. He loves waste removal companies and here's what is wrong with the Short Sellers.
Greenbrier Companies (NYSE:GBX), the railroad equipment maker, is Cramer's second SHORT BUSTING stock. The insiders have started buying and here's what else he likes.
These picks from Cramer went up in after-hours by large amounts after he discussed these names.
Jon Ogg is partner in 24/7 Wall St., LLC; he does not own securities in the companies he covers.
Cramer goes 'short busting'
Posted Jan 30th 2007 6:29PM by Jon Ogg
Filed under: After the bell, Analyst reports
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