The second viewer questioned Cramer's Apache call in the mid-$70s. Cramer responded that his premise --- that the company would not go through $80 -- turned out to be wrong. He said, "I wish I'd given [the stock] more leeway," but he made the wrong call. He apologized for his mistake.
The third viewer mentioned that Diana Shipping (DSX Quote) CEO Simeon Palios, whom Cramer had interviewed on the show the previous week, may have had trouble articulating his company's story in proper English. The viewer wondered if Cramer had made any follow-up on the call. Cramer felt Palios indicated that the bull story wasn't there. "He was negative. I don't care what language it was. He was negative."
Lightning Round
Cramer was bullish on Global Industries (GLBL Quote), Transocean (RIG Quote), Trico Marine (TRMA Quote), Core Labs (CLB Quote), FMC (FMC Quote), Compellent Tech (CML Quote), VMWare (VMW Quote), Oilsands Quest (BQI Quote) and Novagold (NG Quote). Cramer was bearish on Jones Soda (JSDA Quote), Jamba (JMBA Quote), Hansen (HANS Quote), Radian Group (RDN Quote), Fannie Mae (FNM Quote), Rediff.com (REDF Quote), Countrywide (CFC Quote), AIG (AIG Quote), Home Depot (HD Quote), Level 3 (LVLT Quote), Old National Bank (ONB Quote) and Superior Offshore (DEEP Quote). Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. For more of Cramer's insights during the Lightning Round, click here.- Loading Comments...
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