Cramer's 'Mad Money Lightning Round': Best Buy Still True to Its Name
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Here's what Jim Cramer had to say about some of the stocks offered up by callers on the "Mad Money Lightning Round":
Best Buy (BBY): "I think it's 8 points off its high." If it gets analyst downgrades because of its profit warning, "that's you're time to do a 'mon back* ... Don't mess with best of breed!"
IntraLase (ILSE): "The shorts are leaning on this thing ... I think it's a buy here, and I'm sticking my neck out."Ameritrade (AMTD): "Two thumbs up!" *For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.
Lightning RoundBullish Cramer was bullish on Best Buy (BBY), Prudential Financial (PRU), MetLife (MET), First Marblehead (FMD), XM Satellite Radio (XMSR), Sirius Satellite Radio (SIRI), IntraLase (ILSE), Aramark (RMK), Alliant Techsystems (ATK), Ameritrade (AMTD), Charles Schwab (SCH), Distributed Energy Systems (DESC), Capstone Turbine (CPST), Research In Motion (RIMM), TXU (TXU) and Schlumberger (SLB). Bearish Cramer was bearish on EarthLink (ELNK), Novell (NOVL), Hudson City Bancorp (HCBK), Sigma Designs (SIGM), RadioShack (RSH), Medarex (MEDX), Restoration Hardware (RSTO), Red Hat (RHAT), Palm (PALM), Orbital Sciences (ORB), Seagate Technology (STX), Nektar Therapeutics (NKTR) and Pfizer (PFE).
Interested in more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. It's a series of articles from Cramer on how to become a better investor. The following table lists some of the rules that Cramer dissects.
|1.||Pigs Get Slaughtered||2.||It's OK to Pay the Taxes|
|3.||Don't Buy All at Once||4.||Buy Damaged Stocks|
|5.||Diversify to Control Risk||6.||Do Your Homework|
|7.||Don't Panic||8.||Buy Best-of-Breed|
|9.||Defend Some Stocks||10.||Don't Bet on Bad Stocks|
|11.||Own Fewer Names||12.||Cash Is for Winners|
|13.||No Regrets||14.||Expect Corrections|
|15.||Know Bonds||16.||Don't Subsidize Losers|
|17.||No Room for Hope||18.||Be Flexible|
|19.||Quit When Execs Do||20.||Patience Is a Virtue|
|21.||Be a TV Critic||22.||When to Wait 30 Days|
|23.||Beware the Hype||24.||Explain Your Picks|
|25.||Find the Bull Market|
|Check back for more of Cramer's Rules|
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