However, Amylin Pharmaceuticals (AMLN) announced good clinical trial results for its diabetes drug, Byetta.
Cramer has been positive on Amylin and said, "My suggestion, if you have had Amylin from when I first recommended it at the $16 to $17 level, sell half the position right now because we don't believe in being 'hogs.'"
Mark Rachesky, former chief investment officer for Carl Icahn, has taken a 7.3% position in Lions Gate Entertainment (LGF).
Cramer said Rachesky's firm, MHR Investments, specializes in "finding value in what the market ignores." What's more, Rachesky, a "raider type," probably won't be a passive investor, said Cramer, adding that Raider types like to push management in a direction that will make them money.You still have to do your own homework, Cramer said, but Rachesky's investment should catch your eye. "I think
BullishCramer was bullish on eBay (EBAY - Get Report), Yahoo! (YHOO - Get Report), Google (GOOG - Get Report), Starbucks (SBUX), XM Satellite Radio (XMSR), Cimarex Energy (XEC), Enterprise Products Partners (EPD), General Dynamics (GD), Northrop Grumman (NOC - Get Report), Lockheed Martin (LMT), L-3 Communications (LLL - Get Report), Vodafone Group (VOD), Eaton (ETN), UnitedHealth Group (UNH), Mitsubishi Tokyo Financial Group (MTF), Time Warner (TWX - Get Report), Marvell Technology (MRVL - Get Report), Broadcom (BRCM - Get Report), Mills (MLS), Motorola (MOT), FX Energy (FXEN), Companhia Paranaense de Energia (ELP), Intel (INTC - Get Report), Qualcomm (QCOM), Wachovia (WB), Dominion Resources (D), Duke Energy (DUK), Hewlett-Packard (HPQ - Get Report), Honeywell International (HON), Principal Financial Group (PFG), MetLife (MET - Get Report) and Prudential Financial (PRU - Get Report).
BearishCramer was bearish on Sirius Satellite Radio (SIRI), Armor Holdings (AH), BHP Billiton Limited (BHP), D.R. Horton (DHI), MedImmune (MEDI), Avaya (AV), Universal Display (PANL), Friedman, Billings, Ramsey Group (FBR), Hansen Natural (HANS), PortalPlayer (PLAY), CMGI (CMGI), Tessera Technologies (TSRA), SunTrust Banks (STI), Indentix (IDNX), Lexmark International (LXK) and Delphi (DPH).
|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|