Cramer's $80 to $120 Plays

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Cramer has an $80-to-$120 theory, which states that "stocks that go to $80 in a bull market usually go to $100, and stocks that make it to $100 tend to go all the way to $120.

Elaborating on that theme, Cramer said that stocks that make it to $80 are stocks with serious institutional backing. Big institutional buyers are the ones buying shares hand over fist, and once the stocks reach $100, they become anointed names, Cramer said. And as more people get into the stocks, their momentum continues.

Although the idea may seem "foolish," it could make people some serious money, he said.

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