TheStreet.com RealMoney
Propped Up by Thin Air

By Jim Cramer

About this article:
A friend emails and says that "they" are trying to take the Oil Services HOLDRs up in my face. And it's true. All day today there was a bid for the oil drillers, mostly from people playing the "they are down so much I have to buy them" game. I have played it, too -- all my life. The best way to win, though, is to set an arbitrary limit of how much you are willing to make and then let the rest be taken by others. With the oscillator at the highest level in ages, with the oil service companies like Halliburton and Schlumberger laying off people -- as we found out after the close -- and with Chevron totally blowing the quarter and clearly not locking in any sales of crude at high levels, I just cannot make the case for these...

You have just read the beginning of a premium article from our RealMoney Service. To read the rest of this article and sign up for a FREE trial please click below.

ACCESS STORY & START A FREE 14-Day Trial
Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET.
Outside the U.S. and in Canada, call 1-212-321-5200.



Already a RealMoney subscriber? LOG IN.
Username:   Password:
Forgot your Password? Click here

Page data is submitted securely.




If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.