POT of Gold - Cramer's Lightning Round (5/16/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday May 16.

Bullish calls:

Hanesbrands (HBI): "That's a remarkable turn-around company.”

Potash (POT): "Potash is not just about renewable energy; they're about getting more out of an acre of land. I'm not backing down from this one."

France Telecom (FTE): "I don't think you can go wrong with that one. I'd hold onto it."

Capstone Turbine (CPST): "This one is an interesting speculation. It's gone up a lot, but I like it."

Exxon Mobil (XOM): "Exxon is fine. Is it my favorite? No, but I'm never going to tell people to sell that one."

Gafisa (GFA): "I want you to get back into this one …Brazil is one of the most investible countries out there."

Bearish calls:

Diebold (DBD): "You have to sell. Once we get a bid, we take it off the table and start looking for the next one.”

Granite Construction (GVA): "You sell that sucker. It's had a little spike here. You ring the register and sell."

Red Hat (RHT): “I have never been right on this one. I'm not going to give you an opinion."

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Comments

[Norman Lepoff, M.D.]

Too bad Cramer didn't Recommend POT 100 points ago. Isn't that what a good stock picker is supposed to do?

[lindamar112]

If I recall RHT wasn't a bear call. It was simply a no call. He didn't say sell, he just said he didn't want to make a call. A no call isn't a sell call.

[maelstrom]

It is truely amazing to watch ththe pros proclaim a stock a BUY after it has been on a run and is topping into overbought territory

[Watlines]

Amen to Dr Lepoff. I was going to buy POT much lower but got scared off when Cramer dissed it. Now he loves it. It pays to do your own research and make your own decisions - which is what Cramer espouses anyway. If you just trade on his suggestions, you'll never get better at investing.

[Enochs]

POT was recommended on Fox Business Channel (I don't recall by whom) before the run up. FBC also replayed Cramer's advice to a caller to hold Bear Sterns on the Friday before the crash. He is an idiot and if you want better advice then you must stop watching CNBC.

[yikes]

im certain (i keep a portfolio of some of his/fast money picks) i saw cramer recommend POT around 150.

[valenna]

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[Enochs]

Valenna, stop posting garbage until you learn how to speak English.