What is your take on Lucent (LU)? -- Bill from New Jersey James J. Cramer: This stock has been in the doghouse for so long, but I think the time is right to own Lucent. With Pat Russo as CEO, Lucent has cut its operating expenses, streamlined its operations, improved its wireless business and lessened its exposure to the sluggish wireline business. I expect a good earnings report later this month and own shares for my charitable trust,
I own Chesapeake Energy (CHK), Microsoft (MSFT), E*Trade (ET), General Electric (GE) and Cabela's (CAB). Am I diversified? -- Harriet from Ohio James J. Cramer: I am declaring you diversified. You have one of the best natural gas holdings, a tech stock, an online brokerage firm, a multi-industry play and a retailer. (Note: Cramer owns Microsoft and Cabela's for his ActionAlertsPLUS charitable trust.