TheStreet.com Staff
Anti-Cramer mail kicked off Monday's "RealMoney" radio show, with Jim Cramer telling listeners about the flack he caught for his recommendation of iRobot(IRBT Quote - Cramer on IRBT - Stock Picks).
"When I look back, I think the people who were angered by that call are people who didn't want the deal market roiled by outsiders...by you," Cramer told listeners. Last month, Cramer told people to get in on the initial public offering and hang on to it on the pullback. Reiteriting that there's nothing wrong with Wall Street players who make a living off of flipping, he added that his role is to show the "average Joe" how to get in on the easy money, too. How? Cramer said the first win comes when you get stock on the deal and the company opens substantially higher, and that the second win comes when you buy stock after it peaks on the first, because five days later it will likely peak again. And the final win, which he said is about to occur now, is to grab stock right before a company gets coverage from Wall Street. And that, said Cramer, is the story with Under Armour(UARM Quote - Cramer on UARM - Stock Picks). "Nine days from today, I suspect that the various dealers who bought Under Armour will come out and recommend that stock...I think it will become a darling," he said.Disciplined Trading
Lenny Dykstra, an outfielder on the New York Mets' 1986 World Series champion baseball team and a contributing celebrity investor for TheStreet.com, also offered up stocks for Jim's listeners Monday.
Cramer said, "If you can minimize the risk and maximize the reward, you will get rich in the stock market." And lots of upside and not much downside was what linked Dykstra's picks.
Dykstra called Tribune(TRB Quote - Cramer on TRB - Stock Picks) a long-term buy because it's the only media company in the country to be in three major markets with television, radio and newspaper/Internet businesses.
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