Cramer's 'Mad Money' Recap: Insourcing Accenture

Mad Mail

A viewer asked, if Google(GOOG - Cramer's Take - Stockpickr) reaches Cramer's $350 price target, should one sell the stock or let it ride? Cramer said he does not believe in letting one's investments ride. He would take profits "until you are finally playing with the house's money."

In response to a question about Dell (DELL - Cramer's Take - Stockpickr), Intel (INTC - Cramer's Take - Stockpickr) and Texas Instruments (TXN - Cramer's Take - Stockpickr), Cramer said his sources at Dell are being cautious.

Intel reported earnings Tuesday after the close which were "not what we wanted" with a "higher inventory number." The stock is "clearly not going anywhere." Texas Instruments is the one to buy, said Cramer.

Commenting on the lack of availability of Apple's (AAPL - Cramer's Take - Stockpickr) new video iPod, Cramer said the trade in Apple will work until Apple's new video iPod is available in abundance. After that, it will be time to ring the register.

Of TiVo's (TIVO - Cramer's Take - Stockpickr) partnership with Comcast (CMCSA - Cramer's Take - Stockpickr), Cramer said "no can do." TiVo's stock should be sold, he said.

A viewer wanted to know if Microsoft (MSFT - Cramer's Take - Stockpickr) is still a good play for Cramer's fourth-quarter tech rally.

Cramer said he does not believe that Microsoft's third-quarter earnings, to be announced at the end of October, will disappoint. Cramer also likes the fact that Rich Pzena, manager of the John Hancock Classic Value fund is buying Microsoft.

"It's the cheapest I've ever seen it," said Cramer. "Two thumbs up. Way up!"

Lightning Round

Bullish

Cramer was bullish on Penn National Gaming (PENN - Cramer's Take - Stockpickr), Southwestern Energy (SWN - Cramer's Take - Stockpickr), Cendant (CD - Cramer's Take - Stockpickr), Google (GOOG - Cramer's Take - Stockpickr), Bristol-Myers Squibb (BMY - Cramer's Take - Stockpickr), American Electric Power (AEP - Cramer's Take - Stockpickr), PNM Resources (PNM - Cramer's Take - Stockpickr), Duke Energy (DUK - Cramer's Take - Stockpickr), J.P. Morgan Chase (JPM - Cramer's Take - Stockpickr), Wal-Mart Stores (WMT - Cramer's Take - Stockpickr), General Maritime (GMR - Cramer's Take - Stockpickr), Goldman Sachs (GS - Cramer's Take - Stockpickr) and Altria (MO - Cramer's Take - Stockpickr).

Bearish

Cramer was bearish on Halliburton (HAL - Cramer's Take - Stockpickr), Sprint Nextel (S - Cramer's Take - Stockpickr), Valero Energy (VLO - Cramer's Take - Stockpickr), General Motors (GM - Cramer's Take - Stockpickr), BioCryst Pharmaceuticals (BCRX - Cramer's Take - Stockpickr), Panacos Pharmaceuticals (PANC - Cramer's Take - Stockpickr), Progressive (PGR - Cramer's Take - Stockpickr), Knightsbridge Tankers (VLCCF - Cramer's Take - Stockpickr), Dobson Communications (DCEL - Cramer's Take - Stockpickr), International Securities Exchange (ISE - Cramer's Take - Stockpickr), Bancolombia (CIB - Cramer's Take - Stockpickr) and Revlon (REV - Cramer's Take - Stockpickr).

	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