Cramer says: “Let’s walk through the trade. What I said was I felt that there would be a rush to be able to go to RadioShack and that we would catch an upgrade or someone saying something good about RadioShack after last weekend. I was very specific. I said, either way we either get the upgrade or the news or we don’t and we have to sell. That was the way a catalyst trade worked. My hope was that it wouldn’t be that far from where you bought it to where you sold it. It didn’t work well. You lost $1 if you did the trade. I have to own that, but that’s what happens with a catalyst trade. So you need to be out of it. Why did it get further whacked? Because Best Buy reported a disappointing quarter, and that brought RadioShack down.”

___

Cramer: I know you don't like China stocks, but what do you think about China Unicom Hong Kong. I bought it a couple weeks ago on the news of its 3G network plans. Since the initial move up into the $15s, it has pulled back significantly. Do you think there is anything here long-term or are people using the news as a simple trade? --Dan

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