Jim Cramer's Stop Trading! Inside Erudition

Cramer likes insider buying at Chesapeake.
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Insider buying at

Chesapeake Energy

(CHK) - Get Report

suggests that natural gas is poised to bounce, Jim Cramer said on

CNBC's

"Stop Trading" segment Wednesday.

In particular, buying by Chesapeake CEO Aubrey McClendon is bullish. "I'm going with him," Cramer said. "He has historically been very astute with his buying."

With natural gas trading around $6 per million British thermal units, "you have to step up to the plate. Rather than think natural gas is a prelude to oil, I think oil is a prelude to natural gas," Cramer said.

Cramer praised

Sony

(SNY) - Get Report

on word it will sell a $700 game machine with a personal computer inside. He also said analyst speculation that

ATI

(ATYT)

could be of interest to

Advanced Micro

(AMD) - Get Report

sounded believable.

Such calls "are not made idly. When you do that stuff they cut your head off," Cramer said. "I like the chatter. The stock has held up all day in a really doggy Nasdaq tape."

The

CBOT

(BOT)

should be bought because -- unlike the

NYSE Group

(NYX)

, which is battling the

Nasdaq

I:IXIC

for listings -- it still has pricing power.

"BOT raised fees today by 20%," Cramer noted. "It's good to be a monopoly."

At the time of publication, Cramer had no positions in the stocks mentioned.

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

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