Cramer's 'Mad Money Lightning Round': Best Buy Still True to Its Name
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): "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): "The shorts are leaning on this thing ... I think it's a buy here, and I'm sticking my neck out." Ameritrade(AMTD Quote): "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), Prudential Financial (PRU Quote), MetLife (MET Quote), First Marblehead (FMD Quote), XM Satellite Radio (XMSR Quote), Sirius Satellite Radio (SIRI Quote), IntraLase (ILSE Quote), Aramark (RMK Quote), Alliant Techsystems (ATK Quote), Ameritrade (AMTD Quote), Charles Schwab (SCH Quote), Distributed Energy Systems (DESC Quote), Capstone Turbine (CPST Quote), Research In Motion (RIMM Quote), TXU (TXU Quote) and Schlumberger (SLB Quote). Bearish
Cramer was bearish on
EarthLink (ELNK Quote),
Novell (NOVL Quote),
Hudson City Bancorp (HCBK Quote),
Sigma Designs (SIGM Quote),
RadioShack (RSH Quote),
Medarex (MEDX Quote),
Restoration Hardware (RSTO Quote),
Red Hat (RHAT Quote),
Palm (PALM Quote),
Orbital Sciences (ORB Quote),
Seagate Technology (STX Quote),
Nektar Therapeutics (NKTR Quote) and
Pfizer (PFE Quote).
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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