Jim Cramer's Lightning Round
Cramer's 'Mad Money Lightning Round': Go-To Google
10/18/05 - 07:23 PM EDT
To see the full "Mad Money" recap, please click here.
Here's what Jim Cramer had to say about some of the stocks that callers offered up on the "Mad Money Lightning Round" Tuesday evening: HalliburtonHAL: "This stock's gonna see 55 before it sees 65." Penn National GamingPENN: "Holy cow. This is a casino of pain. ... Every one of these [gaming] stocks is in free fall. Anybody who gets in, gets their head cut off. But I would rather own Penn National Gaming ahead of the others, and if it goes to 25, I'm doing a 'mon back.*" Southwest EnergySWN: "Let's take no prisoners. I think Southwestern and EnCanaECA represent the class of the group." General MotorsGM: "Don'tBuyDon'tBuyDon'tBuy." CendantCD: "I wanna buy the stock. ... I think paddles will work here." That is, the stock can be brought back to life. GoogleGOOG: "I still think Google is an all-aboard situation. ... Three-fifty is my price target." Bristol-MyersBMY: "When you factor in the dividend, even this one is getting you back to even." Archer Daniels MidlandADM: "Has had a history of missing the quarter. ... So I would take a little off [the table]." Wal-MartWMT: "Wal-Mart is two thumbs up. Way up." Chesapeake EnergyCHK: "At 25, I will get involved and buy it." RevlonREV: "I would ring the register." AltriaMO: "We are in this stock not for the earnings tomorrow, which will be OK, we're in it for the big restructuring in two months."
Lightning Round
Bullish Cramer was bullish on Penn National Gaming PENN, Southwestern Energy SWN, Cendant CD, Google GOOG, Bristol-Myers Squibb BMY, American Electric Power AEP, PNM Resources PNM, Duke Energy DUK, J.P. Morgan Chase JPM, Wal-Mart Stores WMT, General Maritime GMR, Goldman Sachs GS and Altria MO. Bearish Cramer was bearish on Halliburton HAL, Sprint Nextel S, Valero EnergyVLO, General Motors GM, BioCryst Pharmaceuticals BCRX, Panacos Pharmaceuticals PANC, Progressive PGR, Knightsbridge Tankers VLCCF, Dobson Communications DCEL, International Securities Exchange ISE, Bancolombia CIB and Revlon REV. *For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.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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