Jim Cramer drafts VMware (VMW) to his Fantasy Football Stock Portfolio

On last night's MAD MONEY on CNBC, Jim Cramer gave a host of potential draft picks for his "Fantasy Football Draft Pick Stock Portfolio." In his wide receiver stock pick group from last night, the one that stood out the most is the beloved VMware (NYSE: VMW). He thinks the 85% market share of the virtualization market and the huge performance of the IPO will make this one a steady scoring player.

I have been out on VMware quite a bit and the funny thing about this stock is that there truly exists a VMware Conundrum. Don't get me wrong, the company is phenomenal and its space has exponential growth ahead of it. However, the low float and the incredibly tight fists that EMC Corp. (NYSE: EMC) holds over it with 86% under lock and key means that this can ramp (or tank) on very little volume. Its market capitalization is well over $20 billion, yet only a tiny portion is in the free float.

The company also made an acquisition Tuesday morning, so it isn't going to just sit idle to see if can catch up to its market cap organically. It has been in the spotlight all week because of the VMware VMworld 2007 conference. Timid investors need to tread lightly because this one can move with a mind of its own. Similarly, the analysis may not mean as much due to its size versus its float.