Cramer's 'Mad Money' Recap: How to Ride a Wild Bull Market

05/29/07 - 07:50 PM EDT

TheStreet.com Staff

Mad Mail

In his "Mad Mail" segment, Cramer advised viewers to trade out all but a quarter of their positions in Apple (AAPL Quote) leading up to the date when its iPhone product is launched.

"I do believe the stock will get its head handed to it the day that the stuff gets out," he said.

Responding to another mailer, Cramer agreed that there is not much M&A activity going on in the oil patch and said he believes this is a mistake.

"GlobalSantaFe (GSF Quote) should be acquired by somebody because it has so much business to do," he said.

Moreover, once the private equity firms realize the sustainability of the earnings in the sector, they should come in, Cramer said. However, he doesn't expect this will happen until the fall.

Lightning Round

Cramer was bullish on Anadarko Petroleum (APC Quote), XTO Energy (XTO Quote), URS (URS Quote), Level 3 Communications (LVLT Quote), Olin (OLN Quote), Carmike Cinemas (CKEC Quote), General Maritime (GMR Quote), Edison International (EIX Quote), Consolidated Edison (ED Quote), Dominion (D Quote), Cisco (CSCO Quote), Toyota Motor (TM Quote) and Vodafone (VOD Quote).

Cramer was bearish on Stratasys (SSYS Quote), Ultra Clean Holdings (UCTT Quote), DivX (DIVX Quote), American Eagle Outfitters (AEO Quote), Cinemark (CNK Quote), Regal Entertainment (RGC Quote) and Nippon Telegraph & Telephone (NTT Quote).

For more of Cramer's insights during the Lightning Round, click here.


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At the time of publication, Cramer was long XTO Energy, Halliburton, Freeport McMoRan, Toyota Motor and Caterpiller.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

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