Cramer's 'Mad Money' Follow-Up: Dec. 7 - TheStreet

NEW YORK (TheStreet) -- Every night on "Mad Money," Jim Cramer offers market commentary and general investment advice, and he makes calls on specific stocks, both of his own choosing and in response to viewer requests. He relies on his many years of experience and strong track record, and he takes full responsibility for his calls.

"

I never shirk from admitting my mistakes; instead, I dwell on them to learn from them. I change my mind, I take losses, I own up to them

," Cramer has said.

Here we track some of his calls from the previous episode of "Mad Money" and find out, at least in the very short term, how the stocks are performing. Keep in mind that Cramer might not have been recommending that viewers take immediate action on a stock. And, of course, it's up to the individual investor to

do his or her own homework

.

That said, here's how some of the stocks that Cramer talked about on

Friday's "Mad Money" show

fared today.

Celgene

(CELG) - Get Report

: Celgene was Cramer's favorite pick for this week's Society of Hematology conference.

On Monday, Celgene lost 44 cents, or 0.8%, to close at $55.53.

Ciena

(CIEN) - Get Report

: As part of his game plan for this week, Cramer said he'd have his eye on Ciena, which reports on Thursday. He said he expected the company to ease concerns about its acquisition plans, which would push the stock up.

On Monday, Ciena closed up 16 cents, or 1.3%, at $12.74.

Dollar General

(DG) - Get Report

: Cramer recommended selling Dollar General before it reports earnings.

On Monday, Dollar General closed off 22 cents, or 0.9%, at $23.63.

Globe Specialty Metals

(GSM) - Get Report

: Cramer liked silicon producer Globe Specialty Metals as a speculative play because he said he saw a bottom in silicon prices, which could lead Globe Specialty to reopen plants and grow its earnings. He said he'd consider paying as much as 20 times earnings for the stock.

On Monday, Globe Specialty Metals added 51 cents, or 6%, to $9.

Plum Creek Timber

(PCL)

: Cramer recommended Plum Creek Timber, which owns more than 7 million acres of lands in 19 states, as a play on cheap land values in the U.S. Cramer said Plum Creek is very undervalued, and he liked its dividend and share buybacks.

On Monday, Plum Creek Timber gained 20 cents, or 0.6%, to close at $35.54.

Chart Industries

(GTLS) - Get Report

: Cramer liked Chart Industries as a speculative play.

On Monday, Chart Industries added 23 cents, or 1.3%, to $18.60.

Bank of America

(BAC) - Get Report

: Cramer still owns Bank of America for his

Action Alerts PLUS charitable trust, though he's been taking some profits.

On Monday, Bank of America closed down 39 cents, or 2.4%, at $15.89.

Who Owns Bank of America? John Paulson Atticus Capital Bruce Kovner

Novell

( NOVL): Cramer said he preferred

Cogent

(COGT)

and

L-1 Identity Solutions

( ID) to Novell.

On Monday, Novell closed off 7 cents, or 1.7%, at $3.99, while Cogent added 30 cents, or 3.3%, to $9.30, and L-1 gained 8 cents, or 1.3%, to $6.44.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC

.

(Editor's note: At the time of publication, Cramer owned Bank of America for his Action Alerts PLUS charitable trust.)

At the time of publication, Cramer was long Bank of America.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click

here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click

here to order his book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.