Cramer's Lightning Round - I Got Burned by NovaGold (6/10/11)

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 |  Includes: MCPIQ, NG, NRP, TIF, VZ
by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Friday June 10.

Bullish Calls:

Tiffany (NYSE:TIF): "The pullback has to do with market, not the fundamentals they are doing well...who knows how well they will do when Japan comes back...get it in the 60s...it is a buy, buy, buy."

Verizon (NYSE:VZ): When this goes down, it yields more...I didn't think it would go back to $35...you buy it down...Verizon, I'm an unmitigated bull because of that yield."

Natural Resource Partners (NYSE:NRP): "That means opportunity...why not stay in that 7% yield, and I say that is precisely where I want you to be."

Bearish Calls:

NovaGold (NYSEMKT:NG): "I feel burned on NG. I thought it would trade up along with gold...the gold stocks have been terrible. NG has been worse than terrible...They want gold now in the ground. I bought some and sold some. It is an admission of defeat. This one did not work for me."

Molycorp (MCP): "They did a big secondary...I expect things to loosen up...there has been a lot of short selling...I am not a rare earth guy. I don't buy the long-term Molycorp story."

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