Three weeks ago,
, which Jim Cramer owns for his charitable trust
Action Alerts PLUS, reported a fantastic quarter with a positive outlook, Cramer said on his
"RealMoney" radio show Thursday.
Network Appliance stores data, and thus is a company that other companies depend on. Even though it reported a great quarter, the stock dropped a quick 15%, Cramer said.
And the media assumed the company had blown it.
Now Network Appliance's stock is above where it was when the company reported its great quarter.
"You have to get out of the negativity," Cramer advised his listeners. "Don't panic out. The lesson here is, if a stock from a good company is getting hit
for no apparent reason, buy it during the selloff frenzy."
The price of natural gas has ignited, Cramer said. It is time to buy
, Cramer said.
He also recommended buying the biggest driller of natural gas,
, which he owns for his charitable trust
Action Alerts PLUS.
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 Network Appliance and Nabors Industries.
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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