Sticking With Tech TitansCommenting on news after the close, Cramer said the litany of tech blowups such as Skyworks Solutions' ( SWKS) "total train wreck" is not a reason to sell the "big dogs" of the Cramer tech rally like Motorola ( MOT).
Refco WreckAnd, of news Monday that Refco ( RFX) had placed its CEO on leave and that its financial statements since 2002 should no longer be relied upon, Cramer said, "If you own the stock, I think that you've got to still throw it away." The situation is "way too big for the CEO and for the board not to know what was going on," he said.
Lightning RoundBullish Cramer was bullish on Motorola ( MOT), NL Industries ( NL), PNM Resources ( PNM), Duke Energy ( DUK), GameStop ( GME), Ultra Petroleum ( UPL), Southwestern Energy ( SWN), General Motors ( GM), Lions Gate Entertainment ( LGF), Grey Wolf ( GW), FPL Group ( FPL) and Chesapeake Energy ( CHK). Bearish Cramer was bearish on Deere ( DE), 3M ( MMM), Penn National Gaming ( PENN), Mylan Laboratories ( MYL), Fair Isaac ( FIC), Waste Management ( WMI), TXU ( TXU), Dominion Resources ( D), Verizon ( VZ), Alcon ( ACL), Applied Materials ( AMAT), Cisco Systems ( CSCO). *For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.
|1.||Pigs Get Slaughtered||2.||It's OK to Pay the Taxes|
|3.||Don't Buy All at Once||4.||Buy Damaged Stocks|
|5.||Diversify to Control Risk||6.||Do Your Homework|
|7.||Don't Panic||8.||Buy Best-of-Breed|
|9.||Defend Some Stocks||10.||Don't Bet on Bad Stocks|
|11.||Own Fewer Names||12.||Cash Is for Winners|
|13.||No Regrets||14.||Expect Corrections|
|15.||Know Bonds||16.||Don't Subsidize Losers|
|17.||No Room for Hope||18.||Be Flexible|
|19.||Quit When Execs Do||20.||Patience Is a Virtue|
|21.||Be a TV Critic||22.||When to Wait 30 Days|
|23.||Beware the Hype||24.||Explain Your Picks|
|25.||Find the Bull Market|