Cramer's Broker Buyback Plays

Description:

From 6-21-07:

OK, you are Lehman Brothers (LEH). You see your stock almost back to where it was before that magnificent quarter. Do you go issue a statement that says, "We are doing OK, we don't have a Bear Stearns (BSC) problem?"

Or you are Bear Stearns itself, Jimmy Cayne, do you say, "Wait a second -- this is a drop in the bucket for us and we can show you where we are coining money on this stuff"? Or do you say, if you are Goldman (GS), "We are not worried, we are in good shape"?

Nah, you can't do any of that. But what you can do is this: Buy back stock hand over fist. And that's what they will do.

You should join in the ultimate buyers of stocks, seasoned traders who know the market and their companies better than you do.

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