RIO's Rising - Cramer's Lightning Round (6/9/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Monday June 9.

Bullish calls:

CVRD (RIO): “That company is maybe the greatest mineral company in the world, and it is so well-run that RIO is a great core position for someone who needs to have a mineral stock in their diversified portfolio...”
Discovery Holdings (DISCA): '”It’s still an up stock, but I want it to dip before I would buy any more... I think you've got a good one for the long term, and I say the next stop for that one is $27... “
Terex (TEX): “I think TEX should be bought. It's come down way too much... I think that TEX, at $66, is a buy.”
Caterpillar (CAT): “CAT is, without a doubt, the most unbelievable manufacturer in this country.”
Mechel Steel (MTL): “Yes, I like it very much... Now, people will say, Jim, isn't the streak running out? I will tell you when I think the streak has run out.”
Valmont Industries (VMI): “Amazing company... a coatings business. It's on fire for no one else but them... they must know what they're doing!”
Transocean (RIG): “RIG is unbelievable..”

Bearish calls:

Aircastle (AYR): “They have been hurt by the asset-backed commercial paper market...I am not getting back on the AYR horse.”
Dryships (DRYS): “I would not sell DRYS here. Don't buy, don’t buy... I don't want to buy it, but I do not want to sell it... “
China Mobile (CHL): “The Chinese communist government does not seem inclined to allow this company a bigger monopoly than it has. They have been basically, I think, subsidizing competitors. I don't like that situation.”
Dell (DELL)

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Comments

[icanpress]

Cramer creates manic movements north south east and west. Stick to your own fundamentals

[User 148223]

Cramer is just looking out for Cramer.

[rmo]

I have witness Jim Cramer being wrong a lot in his positions in stocks. What I resent is his lack of integrity in the process of doing so. Yesterday, he was disparately maintaining his counter intuitive call to sell-off all but twenty-five percent of ones position after the announcement of Apple's iPhone. For all those would-be-defenders of Cramer, watch the stock climb despite his call and let me know when this little man concedes he was wrong. I'm very comfortable with the notion he won't because he's done this many times over and never admits it or apologizes for it. Yes, in a very strategic move he admits a few missteps regarding a handful of small plays with a throwaway excuse. But this is Apple trading on the NASDAQ, not a stock no ones ever heard of. He's a gimmick. In short, a hack without integrity costing people a lot of money. But don't get mad at me for pointing it out, get back to me when this individual admits he was wrong. How many of his viewers watched his show and traded Apple the was he suggested. Was he right? Or was it another bad call causing you to miss a bigger investment. I'm thinking it's the later.

[saboth]

Cramer is an ADAM HENRY. He damages a good stock just to create a new buying point for himself or friends. Seek info from others.

[Jake2]

Cramer usually promotes a stock he owns first. Then, if you go to the sector where that stock exists, more often than not you will find another, better stock in the same industry. The bald man tells one bald-faced lie after another, and gets paid for it! Says something about our system.

[Nose Dalton]

He gives bad advice-from buying the NYX (he went on for a year about this) to selling AAPL. He is supposed to be an investment guru, but if you listen to him, you will end up a loser like the rest of the market
Jack


On Jun 10 12:01 PM Jake2 wrote:

> Cramer usually promotes a stock he owns first. Then, if you go to
> the sector where that stock exists, more often than not you will
> find another, better stock in the same industry. The bald man tells
> one bald-faced lie after another, and gets paid for it! Says something
> about our system.

[Nose Dalton]

I agree!! I bought more AAPL at 178 while his flock were selling. AAPL has more cash than anyone but MSFT. They are firing on all cylinders with computers, music and phones going into 70 countries. They are the top retailer in the world. Is it possible to find a better company in which to securely invest your money? Year over year/quarter after quarter they continue to improve their sales and profits, and he says sell. This is the worst time of the year for stocks, and AAPL is very close to an all time high.
Imagine the Fall buying season and Christmas................
Jack


On Jun 10 11:14 AM rmo wrote:

> I have witness Jim Cramer being wrong a lot in his positions in stocks.
> What I resent is his lack of integrity in the process of doing so.
> Yesterday, he was disparately maintaining his counter intuitive call
> to sell-off all but twenty-five percent of ones position after the
> announcement of Apple's iPhone. For all those would-be-defenders
> of Cramer, watch the stock climb despite his call and let me know
> when this little man concedes he was wrong. I'm very comfortable
> with the notion he won't because he's done this many times over and
> never admits it or apologizes for it. Yes, in a very strategic move
> he admits a few missteps regarding a handful of small plays with
> a throwaway excuse. But this is Apple trading on the NASDAQ, not
> a stock no ones ever heard of. He's a gimmick. In short, a hack
> without integrity costing people a lot of money. But don't get mad
> at me for pointing it out, get back to me when this individual admits
> he was wrong. How many of his viewers watched his show and traded
> Apple the was he suggested. Was he right? Or was it another bad
> call causing you to miss a bigger investment. I'm thinking it's
> the later.

[paulk8756]

Cramer's alot more like Adam Smith than Adam Henry. And he's FINALLY onto the case of the D's and the Green Menace running the Congress. If he stays with it, maybe we'll finally get some relief from skyrocketing gas prices.

Speaking of which, I can't resist this... the D's in Washington used to tell us all the time how they stood up for "the little guy." You don't here that anymore, and I know why. Now they're all about rich Greens like themselves and Al Gore. And they threw the little guy under the bus!

[racerxinhouston]

It's one thing to make a wrong call, but when you switch your call and then try to lie about. Bad Cramer, bad!

Apr 21, 2008 - BUY IPI under $34
www.cnbc.com/id/242404.../
Try to get in on the IPO, but in the aftermarket,
"Do not pay more than $34 a share", Cramer said.

May 9, 2008 - SELL IPI at $50
www.cnbc.com/id/245410...
"I think IPI is good, but I wanted you to get in on the IPO, if you're not in the IPO, I think you take your game and move on."

Jun 6, 2008 - BUY IPI at $53
www.cnbc.com/id/250052...
IPI hit a 52-week high today, and “I want to buy it still,” Cramer said. “I think IPI's about to rip.”

So Cramer wants to "buy it still"...since when?...what BS!

Watch these 3 videos in order and you be the judge.