Cramer's 'Mad Money' Recap: Corn Is the New Oil
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 [Lions Gate] should be worth 30% more than its current quote." "What makes Mark Rachesky rich in this case, will also make you rich." Finally, Cramer said "there is no waiting" to buy tech. The time is now! "Tech in the fourth quarter has always been good. One out of 10 has been bad. Nine out of 10 have been good. ... If you're waiting for tech, you will miss the Marvell (MRVL) ... the Intel (INTC) ... the Microsoft (MSFT)."
BullishCramer was bullish on eBay (EBAY), Yahoo! (YHOO), Google (GOOG), Starbucks (SBUX), XM Satellite Radio (XMSR), Cimarex Energy (XEC), Enterprise Products Partners (EPD), General Dynamics (GD), Northrop Grumman (NOC), Lockheed Martin (LMT), L-3 Communications (LLL), Vodafone Group (VOD), Eaton (ETN), UnitedHealth Group (UNH), Mitsubishi Tokyo Financial Group (MTF), Time Warner (TWX), Marvell Technology (MRVL), Broadcom (BRCM), Mills (MLS), Motorola (MOT), FX Energy (FXEN), Companhia Paranaense de Energia (ELP), Intel (INTC), Qualcomm (QCOM), Wachovia (WB), Dominion Resources (D), Duke Energy (DUK), Hewlett-Packard (HPQ), Honeywell International (HON), Principal Financial Group (PFG), MetLife (MET) and Prudential Financial (PRU).
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|
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