Cramer's Lightning Round - Citigroup is Uninvestable (12/8/09)

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 |  Includes: C, CHK, DVN, INTC, PALM, WDC
by: Miriam Metzinger

Stocks discussed on the lightning round segment of Jim Cramer's Mad Money TV Program, Tuesday December 8.

Bullish calls:

Devon Energy (NYSE:DVN): "I like Devon Energy better (than Chesapeake)."

Intel (NASDAQ:INTC): "How can we not own Intel (rather than Western Digital) with a 3% yield?"

Bearish Calls:

Citigroup (NYSE:C): "I've got to tell you, I would be on the floor drinking cheap scotch if I worked at Citigroup. Why? Because we had a one chance in a lifetime, if the government had sold the stock at $5 bucks, like I urged them to, rather than fooling around. And now we've got the virtuous circle turned vicious cycle down. The government wants out. They're making them do TARP. This has become, frankly, uninvestable... don't buy, don't buy... It's amazing. Everything that could go wrong has gone wrong."

Western Digital (NYSE:WDC): "Well, Western Digital is a component player like Seagate. I believe in the PC story, but how can we not own Intel with a 3% yield? I want to swap out of Western Digital."

Chesapeake Energy (NYSE:CHK): "Look, I think Chesapeake has been the victim of some really bad press."

Palm (PALM): "Well, I know, Palm's okay... it's one of the stocks that I recommend in my new book, Getting Back to Even... Don't buy, don't buy."

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