Cramer: Forget the long game, for now

On Monday, Actavis announced that it would buy Allergan for a premium of $66 billion, or $219 a share. Then, the second largest oil service company, Halliburton, bid on the third largest, Baker Hughes.

"This has to signal some sort of top. You just don't get such dramatic overpays versus where the stocks were a short time ago without wondering about the wisdom of these deals," noted the "Mad Money" host.

But that doesn't matter. These stocks just keep going higher, and Actavis now rallied 10 percent in one day.

Cramer sees a trend that if you stay skeptical, you lose in the short-term. If you thought the Actavis deal was too sketchy, then you missed some big profits on Tuesday. What did you really accomplish besides missing a terrific opportunity?

"It takes years for some stocks to make moves like that. If you can claim those points now, why not? And if you miss them in the name of prudence and cynicism, what have you really succeeded in doing other than making less money? When you put it like that, you have to question your questioning, don't you?" Cramer said.

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Read more from Mad Money with Jim Cramer
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Or how about GoPro? Investors have been shorting the stock so badly that Cramer is surprised they haven't been choked to death. But when GoPro announced a secondary offering of 10 million shares filed, from insiders and the company itself, they were in full glory mode, and the stock took off. Usually, this type of activity should depress a stock But not here.

So, while Cramer wants to be more questioning and critical of what is happening in the market, he knows when to recognize an opportunity. Time to consider the short-term view, and take advantage of proceeds while you can.

 

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