Cramer, the TIN Man - Cramer's Lightning Round (5/15/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday May 15. Click on a stock ticker for more analysis:

Bullish calls:

Merck (MRK): “MRK is going to be stuck at $40. That said, I think MRK is cheap. I think MRK is going to surprise to the upside, because of Vytorin scripts.”

Schering-Plough (SGP): “I've been buying and buying and buying for my charitable trust... MRK's got a better yield than SGP, but SGP has a more explosive situation to the upside...”

Temple-Inland (TIN): “I am telling you, this company is going to $16, and it is not too late! TIN is my kind of stock, and I know packaging.”

Vaalco Energy (EGY): “While it is located in Texas, it's an African oil company…if you can really start drilling in Gabon, it's going to be big. This is a $7 number. I think it can go to $10.”

Bearish calls:

Whole Foods (WFMI): “It's a great place to shop, but it continues to miss the quarter, and I am going to have to tell you - even down here at $28-29, don't buy, don't buy..”

CONSOL Energy (CNX): “This is one I'm so proud I recommended... I don't know if I can still buy this thing at $97…I want people to ring the register a little, because it is up so much, it would just make me feel terrible, if I gave up that gain.”

Abiomed (ABMD): “It's way too speculative. I have never been a fan... I remember when this thing came public... Don't buy, don't buy...”

Chindex International (CHDX): “You got a 12% gain today... we're not going to give that back. I want some taken off the table.”

PG&E (PCG): “It's had a big run, and I don't think it deserves anything.”

Focus Media (FMCN): “… thank heaven's we got out very close to the top. I'm not a buyer of FMCN.”

Central Garden & Pet (CENT): “…that is a big part of retail that's not working.

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Comments

[StockSpy:]

Yep... whew! Cramer just escaped with his life on that FMCN sell. You hate to see those fantastic fundmentals, massive potential in an expanding Chinese consumer market, and recently discounted price hanging over your head. Yep, that'll kill you in the stock market every time.

2008 May 16 08:14 AM

[MGen:]

Remember the Cramer also screamed "Sell! Sell! Sell!" on First Solar (FSLR) last year when it hit $100/share. Then after FSLR had continued up and hit $200/share, Cramer starting screaming "Buy! Buy! Buy!". That's just one example of how clueless Cramer is.
Another example is that last year Cramer screamed "Buy!" on China Digital TV (STV) after it had soared up to $55/share. Just earlier this month, Cramer said that STV was "risky" at $19/share.
There are many more examples of this. Cramer only says to Buy after a stock has already soared up 30%, 40% or more, not before the stock soars.
Cramer's "strategy" for the clueless investors who listen to his comedy show appears to be to tell his lemming followers to Buy at near the highest stock prices and to Sell at near the lowest price ranges.
If Cramer would learn to do some real research into the companies behind the stocks, then he wouldn't have to constantly apologize to his lemming followers for being wrong on a company. Cramer's "research" is all about the stock price chart rather than research into the actual companies.
Sad to see so many inexperienced investors losing money by investing based on Cramer's comedy show. Experienced investors and professional money managers must wince everytime they see Cramer's antics on his comedy show.
The road to investing success is paved by doing your own indepth research into the actual companies, developing and sticking to a logical and well-organinzed stock-investment strategy, plus developing personal confidence and patience, not by investing based on the antics of a clown like Cramer.

2008 May 21 07:46 AM