Jim Cramer's Mad Money Lightning Round, 1/16/08: Countrywide Recession

by: Miriam Metzinger

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday January 16. Click on a stock ticker for more analysis:
Bullish calls:

GigaMedia (NASDAQ:GIGM): 'If you're patient, I would stick with it, but you're going to need infinite patience in order for that stock to pay off.'
Jakks Pacific (NASDAQ:JAKK): ' Ithink you should actually buy it... buy, buy, buy... It's really dirt cheap. At $21, I like it.'
Oracle (NASDAQ:ORCL): 'I think it was a shrewd purchase [BEA Systems]. The stock went up. I like ORCL. I'm giving it a thumb up.'
Sabesp ADS (NYSE:SBS): 'Brazil's very hot. I like Brazil. Let's take a shot here.'

Bearish calls:

Countrywide Financial (CFC): 'It's over. Sell, sell, sell!... There's nothing there man.'
TrueBlue (NYSE:TBI): 'We've got too many people looking for jobs in this country that we need a temporary services company... I say ix-nay.'
Fortune Brands (FO): 'Don't buy, don't buy... Master Lock... There are some good businesses in there... That stock may be too low, but let's not pull the trigger yet.'
Taseko Mines (NYSEMKT:TGB): 'In a recession, that's the toughest single group to own…I like the idea of speculating on a $4 stock, but it's too hard right now.'

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