Cramer's Lightning Round - Ciena's Long-Term Story (10/28/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Wednesday October 28.

Bullish Calls:

Munro Muffler (MNRO)

RF MicroDevices (RFMD): "If the market wasn't down, people would see that this one is good. I'm a buyer."

Ciena (CIEN): "Everyone's freaking out because the chart looks bad, but Ciena's a long-term story."

Bearish Calls:

O'Reilly Automotive (ORLY): "This one's OK, but we just had Monro Muffler on the show, why not go with them?"

Great Atlantic and Pacific Tea Company (GAP): "This one is bad. Why would I want to be on the worst operator in the group. That one is a sell, sell, sell."

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Comments

[tommiegun:]

RFMD is one of the few firms that can say that the december quarter will produce sequential growth in sales and profits.

Inaddition, they are predicting higher GM and OP INC., they were able to get $.13/share in the October quarter, analyst estimates were for $.09/share

Most RF companies don't have the backlog, TQNT, SWKS and ANAD to predict.

Oct 29 08:11 AM