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Cramer on BloggingStocks: When stocks run up, scale your way in

TheStreet.com's Jim Cramer explains a prudent buying technique to use when the market has gotten a lot better fast.

Is it too late to get into a Caterpillar (NYSE: CAT) (Cramer's Take) or a Goldman Sachs (NYSE: GS) (Cramer's Take)? How about a Bear Stearns (NYSE: BSC) (Cramer's Take) or an International Game Technology (NYSE: IGT) (Cramer's Take)?

The answer to individual stocks is that if they havae had a huge run, you have to be careful about getting in. Goldman Sachs deserves to sell off, given its recent run. That statement is not indicative of whether there are skeletons in the closet or that Goldman didn't mark securities right. It has to do with not being a pig.

I feel the same way about CAT, which was at $70 not that long ago. Same with many of the banks. It is difficult to buy here.

That said, I think that there are more gains ahead, so what's the point of waiting?

Continue reading Cramer on BloggingStocks: When stocks run up, scale your way in

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DJIA+44.2910,291.26
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S&P 500+5.501,098.51

Last updated: November 12, 2009: 05:06 AM

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