Editor's note: The following are questions received from viewers of "Mad Money," seen every day at 6 p.m. EST on CNBC.
Why did you flip-flop with Chesapeake Energy (CHK) - Get Chesapeake Energy Corporation Report -- you really like it some days, not as much on others, and recently recommend it again?-- John from Virginia
James J. Cramer
: First of all, you are right, I have changed my opinion on how attractive an investment Chesapeake is. I've been publicly bullish on the stock since it was in the teens, and had no problem telling investors to take some profits off the table after the shares doubled in a matter of months. Although I'm now less bullish on the energy patch than I was earlier in the year, Chesapeake remains one of the best -- and after its latest pullback below $30 -- least expensive natural gas plays in the market.
Jim, you recently said you only hold a stock for up to 12 to 18 months. I have been holding shares of Cisco (CSCO) - Get Cisco Systems, Inc. Report and JDS Uniphase (JDSU) for about that long, but have yet to make any money. Would you recommend I sell these stocks now?-- Brenda from North Carolina
James J. Cramer:
Before I get into your specific situation, viewers should consider that holding information a general guideline, rather than a hard-and-fast rule. Every day I analyze the risk-reward of holding each stock in my charitable trust, looking out the next couple of weeks as well as the next several months. I suggest that viewers do the same exercise, at least weekly. As far as JDS Uniphase, I believe the shares still have considerable upside potential in the near term. On the other hand, at least for the sake of diversification, you'd probably be better off looking to re-commit the Cisco funds elsewhere.
Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on Mad Money are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."
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Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.