One of Jim Cramer's Top Stock Picks Is About to Implode

The investing genius isn't always right.

SiliconVB Financial Group  (SIVB) - Get Free Report has been the talk of Wall Street after crashing 60% on Thursday after the venture capital finance bank announced significant losses on its portfolio.

CNBC's Jim Cramer, who has been a fan of the troubled bank previously, is playing clean up after his previous advocacy for it.

"Yes SVB is a bank but not all banks are like SVB and almost none use pre-ipo shares as collateral. However, many are underwater in treasurys," Cramer stated to start off a series of tweets on the subject.

SVB's stock suffered 68% premarket drop before trading was halted Friday morning. 

In an effort to calm investors from turning SIVB's demise into a market-wide contagion, Cramer attempted to "otherize" Silicon Valley Bank.

"Tough for a market to handle banks that use bitcoin and "pre-ipo" stocks as collateral but at least there are only two large ones: SI and SIVB," he continued.

He also has a theory on who is leading the charge against SIVB.

"It is very rare to see this much of a bear raid against a bank but these VC's sure let their feelings known...," Cramer said. 

There are already talks of a potential bailout on FinTwit. 

But Cramer does see a light at the end of the tunnel for SIVB and even gave a level for investors to watch. 

Jim Cramer was an SVB booster just weeks ago on Mad Money.