Booyah Breakdown: Lingo Lesson

Editor's note: Welcome to "Booyah Breakdown," an explanation of certain terms and topics Jim Cramer discusses on his "Mad Money" TV show. Feel free to ask a question if you're confused about something Cramer talks about, but please keep in mind that we do not provide advice on specific stocks.

When Cramer speaks, people listen.

But while many of you are listening, there are a bunch of you who aren't following skeedaddy's personal lingo.

So this week, Booyah Breakdown is giving a lesson in the language of Cramerica.

'Mon Back: Essentially, Cramer's shouting "c'mon back!" or "back up the truck" because he wants to load up -- or buy -- more shares of a stock he considers to be undervalued. So, picture him pulling a big semi trailer up to a loading dock and dumping more shares in the back.

For instance, on one of Cramer's April shows that was re-aired on Thursday, he said he thought the shorts were wrong on Eagle Materials ( EXP) and would do a 'mon back on the cement maker.

Basically, he thought you should load up on the shares back in April.

Pin Action: It's like the domino effect. Something happens to one company and othercompanies are also indirectly affected. For example, when Anadarko Petroleum ( APC) last week announced the planned acquisitions of Kerr-McGee ( KMG) and Western Gas Resources ( WGR), the pin action was that several other energy stocks also rallied. Why? Because they're perceived to be the next potential takeover targets. So, when similar stocks move in relation to big news at a competitor, supplier or customer, there's "pin action."

In that same "Mad Money" April recast Thursday, Cramer said that " UPS ( UPS) will be the single biggestbeneficiary of the growth in shopping over the Internet. It's the obvious pin action play." So asa result of Internet selling, the domino effect -- or pin action -- is that UPS wins.

En Fuego: It means "on fire" in Spanish. So when Cramer says a company is en fuego,he's saying it's on fire. It's got great fundamentals and a good future.

He'll use it to refer to the big picture, too. As an example, on his June 21 "Mad Money" episodehe said, "The market was smoking today. And when the market's en fuego, I need you outthere looking for trades."

So when something's en fuego, it's hot. Kind of like Antonio Banderas.

The Oscillator: The S&P's short-range oscillator is a subscription service that's updated daily for subscribers. It's basically a number calculated by the S&P, and when it moves above five, it has historically signaled that the market is overbought. When it drops below minus five, it has generally been a good time to start buying stocks.

On June 23, Cramer discussed rule 14 of his 25 Rules of Investing, which relates to market corrections. He said, "You may not know when a storm might strike. But we do have barometric readings that help immensely. When the S&P's proprietary oscillator registers plus 5, that signals to me a level of overbought that I regard as dangerous, and I pull back aggressively and wait for a correction."

So, it is just another metric used to monitor the market's activity.

Overbought/Oversold: It's your basic supply and demand stuff. When too many folks pileinto the market, there's little capital left on the sidelines to keep the rally going. Thus, the market is "overbought." Fewer available shares mean higher stock prices.

On the flipside, when folks have pulled too much money out of the market because fear is high, the market is oversold, and savvy investors realize that it's the perfect time to start buying. Supply is up, prices are down, so it's bargain time.

Fundamentals: The fundamentals of a company are basically the financial statements -- the numbers behind the business. You need to read them as part of your homework on a particular stock, so pull up the 10-Q or annual report and analyze how the company is doing relative to its peers and market expectations.

Market Research: Normally, investment research is put out by the big brokerages and includes information like buy ratings, price targets, earnings estimates, etc. Those are the analysts' reports and are sometimes hard for the average guy to get his hands on. But Cramer does a ton of homework by reading various publications, talking to management and really trying understanding what goes into buying and selling the products and services they provide. But there's enough free info out there for you to do the proper research these days.

Booyah!: Cramer explained where "booyah!" came from on an episode of "Late Night with Conan O'Brien" last year: "Here's what happened: A guy calls me on my radio show, andhe says, 'You made me a 100 smackers on K-Mart -- a hundred points...' -- he's from New Orleans --'...and we have one word for that down here, and it's booyah.' Then the next guy calls, and he says'You know, you made me a lot of money on a stock so: booyah!' And now they all say it. It's notmy rap."

Clearly, the phrase took off. I personally love when callers have their kids shout booyah and Cramer screams "familial booyah!" and pushes the "crowd cheering" button.

Little Red Bulls: This isn't a vocabulary word per se, but many of you have asked where to get the little red bulls that Cramer seems to believe are a delicacy. Well, if you feel like venturing to Manhattan, they sell them at the NBC store in Rockefeller Center for a mere $5. If you can't travel and are willing to ante up more moolah, check out eBay.

OK. Lesson's over for today. Hope it helped cleared the air in Cramerica!

Tracy Byrnes is an award-winning writer specializing in tax and accounting issues. As a freelancer, she has written columns for and the New York Post and her work has appeared in SmartMoney and on CBS MarketWatch. Prior to freelancing, she spent four years as a senior writer for Before that, she was an accountant with Ernst & Young. She has a B.A. in English and economics from Lehigh University and an M.B.A. in accounting from Rutgers University. Byrnes appreciates your feedback; click here to send her an email.

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