Cramer's 'Mad Money Lightning Round': Best Buy Still True to Its Name
09/13/05 - 07:44 PM EDT
To see a full "Mad Money" Recap, please click here.
Here's what Jim Cramer had to say about some of the stocks offered up by callers on the "Mad Money Lightning Round": Best Buy(BBY Quote - Cramer on BBY - Stock Picks): "I think it's 8 points off its high." If it gets analyst downgrades because of its profit warning, "that's you're time to do a 'mon back* ... Don't mess with best of breed!" IntraLase(ILSE Quote - Cramer on ILSE - Stock Picks): "The shorts are leaning on this thing ... I think it's a buy here, and I'm sticking my neck out." Ameritrade(AMTD Quote - Cramer on AMTD - Stock Picks): "Two thumbs up!" *For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.
Lightning Round
Bullish Cramer was bullish on Best Buy (BBY Quote - Cramer on BBY - Stock Picks), Prudential Financial (PRU Quote - Cramer on PRU - Stock Picks), MetLife (MET Quote - Cramer on MET - Stock Picks), First Marblehead (FMD Quote - Cramer on FMD - Stock Picks), XM Satellite Radio (XMSR Quote - Cramer on XMSR - Stock Picks), Sirius Satellite Radio (SIRI Quote - Cramer on SIRI - Stock Picks), IntraLase (ILSE Quote - Cramer on ILSE - Stock Picks), Aramark (RMK Quote - Cramer on RMK - Stock Picks), Alliant Techsystems (ATK Quote - Cramer on ATK - Stock Picks), Ameritrade (AMTD Quote - Cramer on AMTD - Stock Picks), Charles Schwab (SCH Quote - Cramer on SCH - Stock Picks), Distributed Energy Systems (DESC Quote - Cramer on DESC - Stock Picks), Capstone Turbine (CPST Quote - Cramer on CPST - Stock Picks), Research In Motion (RIMM Quote - Cramer on RIMM - Stock Picks), TXU (TXU Quote - Cramer on TXU - Stock Picks) and Schlumberger (SLB Quote - Cramer on SLB - Stock Picks). Bearish
Cramer was bearish on
EarthLink (ELNK Quote - Cramer on ELNK - Stock Picks),
Novell (NOVL Quote - Cramer on NOVL - Stock Picks),
Hudson City Bancorp (HCBK Quote - Cramer on HCBK - Stock Picks),
Sigma Designs (SIGM Quote - Cramer on SIGM - Stock Picks),
RadioShack (RSH Quote - Cramer on RSH - Stock Picks),
Medarex (MEDX Quote - Cramer on MEDX - Stock Picks),
Restoration Hardware (RSTO Quote - Cramer on RSTO - Stock Picks),
Red Hat (RHAT Quote - Cramer on RHAT - Stock Picks),
Palm (PALM Quote - Cramer on PALM - Stock Picks),
Orbital Sciences (ORB Quote - Cramer on ORB - Stock Picks),
Seagate Technology (STX Quote - Cramer on STX - Stock Picks),
Nektar Therapeutics (NKTR Quote - Cramer on NKTR - Stock Picks) and
Pfizer (PFE Quote - Cramer on PFE - Stock Picks).
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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