'RealMoney' Radio Recap: Fit for a Boomer

And even though he isn't a huge fan of mutual funds, he likes the Vice Fund (VICEX).

The fund is run by RealMoney.com contributor Charlie Norton, and it includes "gaming, smoking, shooting and drinking" stocks. Cramer said that it has had a 29% annualized return over the past few years.

Cramer's Callers

A caller said that he is interested in buying a driller because they are 10% below their highs, even though oil prices are going higher. The caller added that he believes the stocks will eventually rise in the current environment.

He had narrowed his choices down to two: Grey Wolf(GW Quote) and Nabors International(NBR Quote), which he owns for his charitable trust Action Alerts PLUS, even though its declines have accelerated.

Cramer said that he applauded the fact that the caller has done his homework and that both choices were good companies.

But even though Cramer likes Grey Wolf, he pointed out that the company's rigs are used to drill for natural gas.

Natural gas prices have remained low, even though crude prices are climbing, because the fuel is used for heating and air conditioning, he said.

This most recent mild winter has weighed on natural gas prices, and Cramer said that even though he believes that the stock could go from $7 to $10, he "doesn't like to bank on the weather."

Nabors, on the other hand, is one of the best oil drillers in the business, Cramer said. And even though it is at $73, he said that it's cheaper than Grey Wolf at $7. This is because Nabors' sales are growing fast.

The average stock price is about 18 times its forward earnings, but Nabors is priced at only 10 times earnings.

Cramer also said that the stock most levered to high crude prices is Occidental Petroleum(OXY Quote), which he also owns for his trust, but that the stock levered to higher pump prices is Valero(VLO Quote).

Even though the stock is up 100% over the last year, Cramer believes that it has room to move higher. "Have you seen a new refinery built?" he asked listeners.

There haven't been any built in 27 years, he said, and we need to refine crude for gasoline.

Thanks to some key acquisitions, Cramer said that the company is stronger at $65 than it was at $30, which means investors should be willing to pay more for the stock.

Finally, a listener wanted to know if $28 was a reasonable price for a commission on a limit order. Cramer said that thanks to the advent of online trading, this is too much to pay -- even though he was once able to charge $100 for a commission.

"Commissions will really cut into your trading and investing if you can't get control of them," Cramer said.

For online brokerages, he likes E*Trade(ET Quote) and Ameritrade(AMTD Quote), which he owns for his charitable trust Action Alerts PLUS.

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