Cramer expands his bottom-fishing strategy


Cramer expands his bottom-fishing strategy

Filed under: After the bell, Analyst reports, Citigroup Inc. (C), Bank of America (BAC), Clorox Co (CLX), Colgate-Palmolive (CL), Countrywide Financial (CFC), Goldman Sachs Group (GS), Gilead Sciences (GILD), Kraft Foods'A' (KFT)On tonight's MAD MONEY on CNBC, Jim Cramer said the market escaped a bad day but that the damage has been done. He thinks you can go bottom-fishing after a very big drop, so he focuses on the most discounted stocks and says you have to have plan, knowing not everything bottoms at the same time. He broke this down into three bottoming-out groups to buy and the order in which you buy them:The first group is the one you find in supermarket aisles and in your medicine cabinets. Some of these include companies like Procter & ...

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