Cramer's Lightning Round - Dendreon Is Real (7/7/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Tuesday January 7.

Bullish Calls:

Nordic American Tanker (NAT): "I have been in constant contact with the Nordic American Tanker people (who have by the way have helped me to understand the manipulation of the oil market) that yield is safe… NAT is better… I want you to make that swap."

Dendreon (DNDN): "I think this Dendreon is real… and I think the vaccine is real… and I think that is a life saver… and therefore, I think that you could own it… but strictly on a speculative basis."

Bearish Calls:

Research In Motion (RIMM): "Research In Motion is not done going down… too much competition."

Cleveland-Cliffs (CLF): "Just a nasty stock...the company, while cheap, is going no where… and I did own that… I wore a hair suit for that one."

ConocoPhillips (COP): "ConocoPhillips is too levered to natural gas...natural gas is in free fall."

Navios Maritime (NM): " NAT is better… I want you to make that swap."

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Comments

[Gravity404:]

Cramer, your making me dizzzzzzzzy with your back and forth on COP. Much like the rest of your picks. I guess if you're bearish one week then bullish the next, then bearish again, it makes you right.

BTW - you own me about $17K for UNH. I will take a check.

Jul 08 08:29 AM

[rgh51:]

Why post an opinion from jan. 7?

Jul 08 12:58 PM

[justme2727:]

This must be for July 7 since Cramer was bearish on Dendreon until now, but rgh51 is right, the apparent error on the heading is very confusing.

This stinks. I have had a very successful record of making money by using Cramer as a contrarian indicator. Particuarly on Dendreon. After he was proven wrong so many times, now that he is semi-bullish it makes me wonder if I have to sell. Damn you, Cramer!

For those who haven't seen it, there is a very interesting story developing around Cramer and manipulation of DNDN stock. Whether you believe it all or not, it is a very, very interesting read.

www.deepcapture.com/mi.../

Jul 08 09:16 PM

[Northstar10000:]

He hated DNDN and once called it a joker. I remember UNH and COP too.

Jul 08 09:57 PM