"I'd step up to the plate and buy
," Jim Cramer told a caller on his
"RealMoney" radio show Tuesday.
"It is not a damaged company, but a damaged stock, and damaged stocks come back," Cramer said.
Cramer told a caller who inquired about
that when market players make a significant amount of money on a stock and don't take anything off the table, it's problematic.
On other hand, Cramer said he's been buying Qualcomm aggressively for his charitable trust
Action Alerts PLUS.
The company charges too much, so
are not happy with it, said Cramer.
When Qualcomm went to $32, it lowered expectations dramatically, and "when you lower expectations, you can beat expectations," Cramer said. The stock was recently at $38.95.
"Sell half and let the rest run," he advised. "I believe you'll make some money off of it."
Responding to another caller, Cramer said he is worried about
because the company recently missed its quarter "really big."
Although Cramer said he's been searching for the reason why it missed its quarter, he can't seem to find any explanation, and advised the caller to wait.
"If you own it you could hold it, but I wouldn't start a new position on it until I get a better read on the company," Cramer said.
Cramer told a caller that he believes t
is going higher and could reach $40. It was recently at $30.51.
To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.
At the time of publication, Cramer was long Qualcomm.
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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