Cramer's Lightning Round - The Mosaic of Junior Gold Miners (11/11/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Wednesday November 11.

Bullish Calls:

Market Vectors Junior Gold Miners ETF (GDXJ): "I want to move you into the mosaic… the basket of junior gold miners which is GDXJ."

Ford Motor (F): "We are Ford People on this show."

ADC Telecommunications (ADCT): "I cannot believe this stock is in such a permanent downtrend. I think it is quite wrong. It has got a lot of cash, it has got good business."

Wynn Resorts (WYNN): "We like Wynn Resorts, you also get Macau… WYNN, you get the special dividend too…I want you to sell yours… and buy mine."

Foster Wheeler (FWLT): "Alright, here is what we do; we take our invested capital out and we play with the rest of the house's money. I liked the quarter very much."

Colgate-Palmolive (CL): "Yes, absolutely, it is a great stock. It hits a 52 week high regularly. I do not talk about it enough; that is my bad. Colgate is a brilliantly-run company that has done a fabulous job for shareholders… and I recommend it heartily."

Bearish Calls:

Silver Wheaton (SLW): "Okay, Silver Wheaton has been a hot stock but it is not a great stock, and as a matter of fact, I do not want you to own an individual gold or silver stock."

Toyota Motor (TM): "We are Ford people on this show…we are not going to recommend Toyota…"

Melco PBL Entertainment (MPEL)

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Comments

[Mark123]

Cramer say's, "Okay, Silver Wheaton has been a hot stock but it is not a great stock, and as a matter of fact, I do not want you to own an individual gold or silver stock."
***Its up from $2.75 to over $15 in the past 12 months (5.5x) and its "not a great stock"..... Does anybody listen to this ranting moron anymore???

2009 Nov 12 02:45 PM

[tc1]

I agree with you, Mark123, on Silver Wheaton (SLW). Everything i've read on this company suggests it is effectively a "money printing machine." And its profits and profit margin look good to grow by huge amounts over the coming months and years. That's why i went long on SLW several months ago at an already fairly high price. Friends, it's going much higher over time as the price of silver rises with an economic recovery, however anemic that recovery might be.

2009 Nov 12 11:15 PM

[Michael Clark]

Cramer is a moron. "We are Ford People on this program."

However, technically speaking, Ford seems to be making a bullish formation, called a cup and handle. We'll see if that is actually true.

Look at the daily chart in Ford and compare the protytope 'Cup and Handle" formation at

www.mysmp.com/technica...

2009 Nov 13 03:24 AM

[Maxe Paul]

"I do not want you to own an individual gold or silver stock."

THEN,

I love the way he pumps this garbage ETF though, Market Vectors Junior Gold Miners ETF

Own a whole bunch of garbage stocks instead of owning only one!

Way to go Cramer.

2009 Nov 13 08:27 AM

[Maxe Paul]

Thats why he wants you to sell it, no good making money, better off in an ETF! LOL

On Nov 12 11:15 PM tc1 wrote:

> I agree with you, Mark123, on Silver Wheaton (SLW). Everything i've
> read on this company suggests it is effectively a "money printing
> machine." And its profits and profit margin look good to grow by
> huge amounts over the coming months and years. That's why i went
> long on SLW several months ago at an already fairly high price. Friends,
> it's going much higher over time as the price of silver rises with
> an economic recovery, however anemic that recovery might be.

2009 Nov 13 08:29 AM

[wardco]

Do the ETF's really buy the underlying asset or dilute it? Sure seems like an opaque way to sell more investment in anything without actually buying anything. Can we trust the banks that issue them now?

2009 Nov 13 05:15 PM