Lightning RoundCramer was bullish on: Anglo-American ( AAUK), Yahoo, Abraxas Petroleum ( ABP), Dresser-Rand ( DRC) Tata Motors ( TTM) and Humana ( HUM). Cramer was bearish on: Randgold Resources ( GOLD) and Compania de Telecomunicaciones ( CTC).
Cramer UnstumpedWill Gabrielski from
401(k) Fix-ItsDuring the show's 401(k) segment, Cramer urged a listener to purchase ( FCNTX) Fidelity Contrafund , even though he cannot pick it up through his Ameritrade ( AMTD) account. "Just go right to Fidelity and do it," Cramer said. "I like to have my assets all on one piece of paper -- it's true. But I'm not going to sacrifice good returns for ease of paperwork." He emphasized that it's important to be with the right manager, and that Fidelity Contrafund's Will Danoff is one of the best around. He told another caller that he would wait before getting into Charles & Colvard ( CTHR). He said that he believes that there's nothing wrong with the company, but that diamonds are usually purchased at year-end. So, he would wait until next year, when he thinks the stock will really move again. He discussed gold with another listener, saying that two major revenue streams have boosted the price of the precious metal. The first is from OPEC nations looking for a place to put money, since being in a particular currency seems unappealing. The other stream is from demand for the physical metal from India and China. Gold is at $528 and is going much higher, he said. That's why Cramer bought Anglo-American, one of the world's top gold-mining companies, for his