RealMoney Radio : Practicing Patience

Cramer says investors need to have the strength to wait on their portfolios to deliver.
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"Buy low and sell high," Jim Cramer told his

"RealMoney" radio show listeners Monday. He admitted he sounded like a broken record, but said that it's more important to be repetitive and right.

Cramer also understands that this is very difficult advice to follow, since new investors panic when they see their stocks fall. They don't see low share prices as opportunities to buy, but as lost money. Like a garden, investments need to be cultivated with patience in order for them to grow, he said and such is the case with natural gas.

"Skittishness" has driven natural gas prices down a lot, he said, but analysts believe a rise in prices should occur.

He said that this drop in prices has taken down stocks that are levered to the price of the commodity, and that the way to play the coming rise in natural gas prices is to buy shares of

Chesapeake Energy

(CHK) - Get Report

now.

He said the company has great management and is making smart investments, but the stock has done nothing as of late. "Plant it now, harvest it in the fall," he said.

Cramer also said that we are in the beginning of a new product cycle when it comes to big-screen televisions, as Americans make the transition from traditional to high-definition TVs.

Circuit City

(CC) - Get Report

is the pure play on this transition he said, noting that the big-screen, high-definition TVs are a greater portion of the company's total sales than retailers like

Best Buy

(BBY) - Get Report

and

Costco

(COST) - Get Report

.

He added that

Apple

(AAPL) - Get Report

will have a new product cycle this fall, when it rolls out a variety of new consumer gadgets.

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.

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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