Jim Cramer's Stop Trading! Stock Picks and Comments, March 15
Thornburg Mortgage (TMA): Cramer comments some of the so-called "dirty dozen" which have been targeted by the shorts "didn't fall off the turnip truck." He points to TMA's CEO, Garrett Thornburg, who says the company is demanding more detailed documentation on the so-called Alt-A loans, which often don't receive enough scrutiny and which the bears say are often vulnerable to defaults and delinquencies. "Holy Cow!" Cramer exclaimed, "This guy is actually a legitimate lender!" He also found hope in strong insider buying.
Dow Chemical (DOW), Alcoa (AA), CVRD (RIO), BHP Billington (BHP): Cramer noted DOW rose 6% on rumors of an acquisition, and he would buy it at $43. Cramer predicts AA "won't be independent at this time next year, says BHP "really ramping" and rising nickel is good news for RIO; "That stock is just going nuts!"
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