After biotech stocks have had a huge run this week, Jim Cramer stresses that it’s time to take some profits. Cramer, who acknowledges he’s been advising people to buy these stocks all week, says that his stance now seems to be unclear to those who follow him on Twitter. He clarifies that right now is no longer a good time to keep purchasing names like Regeneron and Biogen. He says that all of the names within the group are up a huge amount, and there’s too much of what he calls ‘animal spirits.’ That’s why Cramer proclaims that he’s sanctioning taking profits in biotech stocks across the board right here. You can follow Jim Cramer on Twitter @jimcramer.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
