Cramer's 'Mad Money Lightning Round': Disembark Ship Finance
To see the full "Mad Money" recap, please click here.
Here's what Jim Cramer had to say about some of the stocks that callers offered up on the "Mad Money Lightning Round" Tuesday evening: Ship Finance (SFL Quote): "No way. No how. I want out." Sara Lee(SLE Quote): "They wouldn't know good news if it hit them with a sausage. This is the Laurence Olivier of stocks. It's that bad of an actor. (Just kidding. He was great.)" Dresser-Rand(DRC Quote): "I think Dresser-Rand is a good stock. They reported a good quarter and didn't get any response to that. I'm sticking with it." Intel(INTC Quote): "When you look at the lease on this House of Pain, you know whose name is on it? Mine." [Cramer owns the stock for his ActionAlertsPLUS charitable trust.] Teva Pharmaceutical(TEVA Quote): "I want to ring the register."
Lightning Round
Bullish Cramer was bullish on Viacom (VIA Quote), Bancolombia (CIB Quote), Banco Bradesco (BBD Quote), JDSU (JDSU Quote), Genentech (DNA Quote), CMS Energy (CMS Quote), Procter & Gamble (PG Quote), Microsoft (MSFT Quote), Dresser-Rand Group (DRC Quote), Quest Diagnostics (DGX Quote), Union Pacific (UNP Quote), Peabody Coal (BTU Quote), Southern Copper (PCU Quote), Intel (INTC Quote), Wachovia (WB Quote) and HDFC Bank (HDB Quote). Bearish Cramer was bearish on Avon Products (AVP Quote), General Motors (GM Quote), Nvidia (NVDA Quote), SuperGen (SUPG Quote), Ship Finance (SFL Quote), Sara Lee (SLE Quote), Serena Software (SRNA Quote), IRIS International (IRIS Quote), Goodyear Tire & Rubber (GT Quote), SunTrust Banks (STI Quote), Teva Pharmaceutical Industries (TEVA Quote) and Chesapeake Energy (CHK 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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