First, forget what Cramer said today. Second, forget about what you think you know about APD...

Why else would the share price of APD & PX spike today, just after private equity announced their interest buying in Air Liquide yesterday, and ***BEFORE*** Cramer started talking about APD? Does someone know something? There were no questionable options volumes, but the share price spike was certainly on my radar screen... I contend that PX and APD may be up for sale... here's my APD argument, although my PX argument isn't too dissimilar...

My theory: Maybe some determined private equity guys have started forcing everyone's hands in a premature consolidation of the global gas business... maybe the private equity guys will also attract the likes of some major energy/chem players like Shell, XOM, BP, CVX, BASF, or even Dow to the party, who want to be vertically integrated with their own gas supply??? Take a serious look under the hood -- here we have the recent Linde consolidation of BOC. M&As are up globally at record highs. Every private equity company in the world is looking for the next best thing to buy. APD is a smaller market cap than Air Liquide, with NO stubborn French gov't shareholder ownership. Why would the APD CEO just now announce his resignation? Why would APD sell their chemicals businesses if not to look more like PX, who has a higher p/e -- perhaps to reduce any regulatory conflicts with some competing chemical suitors? As far as private equity is concerned, APD probably has a lot of "fat" to trim, which should make it more profitable overnight.

It makes perfect sense to me. APD for sale??? Isn't everything for sale? Me thinks so!!! STRONG BUY!!!