TheStreet.com RealMoney

Fluctuating Financials

By Jim Cramer

About this article:
It is happening again. Just when these banks look like they are rolling over, just when there is maximum pain, someone important buys them, and they take off as if nothing ever went wrong. Of course, these stocks are strictly buy or short, totally binary. They are not even buy and hold. They have no dividend protection and no buyback protection, although the latter turned out to be pretty overvalued as a mechanism of defense in this environment. They are also not allowed to stand still for too long. Wells Fargo , for example, has simply become one of the most outrageous buy/shorts I have ever seen. Every time the stock looks like it is rolling over, we get a rumor that it is about to do the biggest secondary in history. Then, after the rollover holds for a day or two, someone comes out and says it...

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