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Mad Money Mailbag: Disney Dish

TheStreet.com Staff

Editor's note: The following are questions received from viewers of "Mad Money," seen every day at 6 p.m. EDT on CNBC.

Pike Electric(PKE Quote), your stock of the week, is already up around $20 a share. Is it too late to buy the stock?

-- Don from Arkansas

James J. Cramer: If you missed picking up Pike when I recommended it at $17.75, then I believe viewers should wait for a pullback to under $19 before buying it. Don't ever chase a stock just because you feel like you "missed" it. This is exactly why I tell folks not to use market orders when buying a stock at the open.

My grandmother gave me Disney(DIS Quote) stock several years ago. Should I hold onto it?

Lauren from Texas

James J. Cramer: This is a tough call. If you don't need the money now, then Disney represents a solid long-term value. That said, it's difficult to be too positive about a company that is dependent on consumers when higher energy prices are spreading across the entire economy. With that in mind, Disney could definitely struggle over the next quarter or two.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. Learn how to become a better investor.