Cramer's 'Mad Money Lightning Round': Insteel Inspires
To see the most recent 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" Tuesday evening: Broadwing: "The fundies [that's Wall Street gibberish for fundamentals] were so strong, that the stock keeps climbing and I'm staying bullish." TD Ameritrade: "After the close, Ameritrade guided upward. 'Mon back, 'mon back, 'mon back, 'mon back.*" Insteel: "This stock is in its own personal bull market. ... There is a bull market in concrete." [The company makes products to reinforce concrete.] GameStop: "The stock got mojo ... I would take a little off the table and let the rest run to 50 ... because GameStop is your play on the Xbox 360." Leucadia National: "Embracing multiple bull markets. ... I caution a little schitnzel because you're being a tad hoggish." Rediff: "We said buy it at 16. We caught a double at 32. ... Ixnay on the Rediff for now and yes to Yahoo!." OSI Systems: "I say stay with OSIS." Under Armour: "Don'tBuyDon'tBuy." UnitedHealth Group: "It's not a train wreck. It's not flat-lining. I think UNH represents a quality buy. It's cheap at 16 times earnings and I'm not backing away." Alkermes: "I believe at these prices I want to plant the flag and ring the register, because the easy money has been made." Altria: "I see the stock dropping a couple of smackers by expiration. ... Maybe ring the register a little and buy it back." Apple Computer: "I like it, but it's in its own personal bear market. We need to see the quarter before we see a rally. But when we see the quarter, we'll get one." Palm: "Palm is taking share from the Blackberry because the Treo rocks." General Maritime: "They're levered to the price of tanker rates and there's just too many tankers." NovaGold: "I'm giving you the bear." Tata Motors: "May be the only other auto company to own other than Toyota."
Lightning Round
Cramer was bullish on Broadwing(BWNG Quote), Level 3 Communications(LVLT Quote), TD Ameritrade(AMTD Quote), Insteel Industries(IIIN Quote), GameStop(GME Quote), Leucadia National(LUK Quote), Yahoo!(YHOO Quote), OSI Systems(OSIS Quote), Flir Systems(FLIR Quote), UnitedHealth Group(UNH Quote), Altria(MO Quote), Apple(AAPL Quote), Palm(PALM Quote), Goldcorp(GG Quote) and Tata Motors(TTM Quote).
Cramer was bearish on
Rediff.com(REDF Quote),
Under Armour(UARM Quote),
Alkermes(ALKS Quote),
General Maritime(GMR Quote)
and
NovaGold Resources(NG Quote).
*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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