Mad Money Mailbag: Disney Dish

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

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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.

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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.

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