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Recognize the Ludicrous Pattern

By Jim Cramer

About this article:
Here's the pattern: We get shelled by oil. It drops to $76-$77, all energy goes down, and it takes everything else with it. Today some of tech is spared because of 3Com . Then, in the following couple of days, oil stabilizes (but not after it hurts the oils again), rallies, and everything goes with it. That's what's been occurring. I don't know why it is any different. In this moment in time, it is often best to buy the most hammered natural gas stocks because they come back fast. The best value is Devon , but it simply isn't down enough. Apache would make sense below $60, which is still a ways from here. Of the integrated plays, I like BP , but it is not down enough. Drillers: Weatherford , but this traded below $18 last time oil got hit, and I would wait for that. Otherwise,...

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