Cramer's 'Mad Money Lightning Round': Golly, Nabors
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 during the "Mad Money Lightning Round" Thursday evening: Apple: "I am with the bull majority in this stock. I think the quarter will be excellent. ... Two thumbs up, way up, for Apple Computer." Acadia: "You know I like ACAD. I think that this company is without a doubt one of the next-generation pharmas that I have endorsed, and I'm stickin' by it. I want you to buy more." JDSU: Cramer said it is now double from his original recommendation at $1.80 a share. "It's going higher. Raising my price target to four smackers." Nabors: "It is selling at literally 8 1/4 times earnings. It's perhaps the best driller in the world. You do a 'mon back* right here." NutriSystem: "Inherently overvalued. I say sell before the bad stuff hits."
Lightning Round
Cramer was bullish on: Ultra Petroleum(UPL), Biogen Idec(BIIB), RF Micro Devices(RFMD), Apple(AAPL), Acadia Pharmaceuticals(ACAD), Tata Motors(TTM), Pain Therapeutics(PTIE), JDSU(JDSU), Regions Financial(RF), Talisman Energy(TLM), Transocean(RIG), Advanced Micro Devices(AMD), CBOT Holdings(BOT), Nabors Industries(NBR), Electronic Arts(ERTS), Marvell(MRVL), Broadcom(BRCM), Conexant(CNXT) and Ciena(CIEN).
Cramer was bearish on:
Sirius Satellite Radio(SIRI),
Elan(ELN),
Xerox(XRX),
Northgate Minerals(NXG),
Petco(PETC)
and
NutriSystem(NTRI).
*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.
Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.
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