Thornburg's Still Sticky - Cramer's Stop Trading! (5/21/08)

Recap of Jim Cramer’s comments on Stop Trading! Wednesday May 21.

Freeport-McMoran (FCX): Cramer is not blaming the Fed for the 187 point drop in the Dow. Instead he thinks oil needs to take a day off; “If oil were to go up 50 cents a day rather than $5 a day, this wouldn't be happening." The bullish story is global, and Cramer would still own FCX because of surging copper demand in China.

Thornburg Mortgage (TMA): Of Thornburg, Cramer said, “Stocks don't get under a dollar because you want them there. I would be careful."

Dow Chemical (DOW): Cramer praised Dow for a proposal to move most of its business overseas.

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Comments

[byrd:]

I feel like Murphy's Law is chasing me. I bought GS and ISRG only to hear two to three days later how GS is a Sell and ISRG's future forecast did not meet the street's expectations. Help/SOS

2008 May 22 08:41 PM