Cramer's 'Mad Money' Recap: Biotech Buys

Buy TMO Tuesday morning before it presents, he advised.

Look Over Optium

Cramer named Optium (OPTM Quote) as the most overlooked initial public offering of 2006.

The company's IPO, which took place on Oct. 7, was overlooked, he said, because it was lumped with all the other telcos. But it shouldn't have been.

Cramer believes that the stock should do well off its triple-play threat (Internet, TV and radio) and broadband shortage. He urged people to get on board with Optium as it has been "overlooked and written off."

Cramer called Optium the "optical infrastructure play we have been hoping for." Moreover, he said, it is well run, is successful, has tripled its backlog and is "worth buying."

As Optium is a speculative play, he recommended market players do their homework before buying the stock and advised investors who believe Optium too technologically difficult to understand to pass on it.

There are other opportunities, so don't waste your time on something you don't get, Cramer said.

The Gold Bar

Cramer welcomed Yamana Gold (AUY Quote) CEO and President Peter Marrone to the show and asked him to explain how his company has low finding costs and is in the best position to be a proxy for people who want to own a gold stock but not gold itself.