I'd Rather Hang Myself - Cramer's Mad Money (9/16/08)

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

Bullish Calls:

Research In Motion (RIMM) -- “Hedge fund selling has hurt this stock. There's nothing the matter with this company. Blackberry is here to stay and I want to buy more."
Energy Conversion Devices (ENER) -- “I am bullish on Energy Conversion Devices. This is the single best alternative energy play out there. I wish I owned it myself."

I like my Fortress Four Banks:

• JP Morgan Chase (JPM)
• Bank of America (BAC)
  
• US Bancorp (USB)
  
• Wells Fargo (WFC)

Bearish Calls:

Titanium Metals (TIE) -- “No, that is a second-rate titanium play. Titanium Metals is a second-rate Allegheny Tech (ATI) and I don’t like Allegheny or the rest of the titanium group. I'd rather hang myself with a tie than own shares of TIE."
Mercado Libre (MELI) -- “Cramer thinks Mercado Libre is tied to closely to eBay and that’s not a good stock to own right now. So stay away from Mercardo Libre."
Sterling Financial (STSA) -- “"I am recommending so few banks right now I can't go down the food chain here. I don't want this one. Go with BB&T (BBT) or Wachovia (WB).”

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round and Stop Trading!

Get Cramer's Picks by e-mail -- it's free and takes only a few seconds to sign up.

Seeking Alpha is not affiliated with Jim Cramer, CNBC or TheStreet.com

Comments

[jobuck:]

I'd rather you hang yourself, too, Cramer.

What's stopping you?

2008 Sep 16 08:50 PM

[BxCapricorn:]

Now, now Cramer....that's my job.

2008 Sep 16 09:47 PM

[tginomorebush:]

Cramer ............ by all means, DO what you think best!

2008 Sep 17 08:05 AM

[BlueOkie:]

If you don't like Cramer's picks, no need to hang him. Just wait a few days and he'll change his position.

2008 Sep 17 08:12 AM

[Walt17:]

He likes his Fortress Four Banks...But recommends two others.
Strange!

2008 Sep 17 08:39 AM

[chuckytheme...:]

beetle headed dufus with the IQ of a mule hoof

2008 Sep 17 11:36 AM

[d1werner:]

Everyone makes mistakes, in the end its up to you and your research that will sell you on the postions you want to hold. Cash seem best right now and may be for the next few months. Xmas will tell us a lot as to which way we are going to go next year. Hold you breath and nose until then.

2008 Sep 17 01:04 PM

[kurt walter:]

BAC takes on CFC and MER in the same year. Stupid. BAC is too big. Layers of management.

2008 Sep 17 06:05 PM

[meta99:]

You're out of your mind picking Wachovia. Their exposure to the housing market is so huge, that alone should take them down. The Golden West purchase was the biggest bonehead play of the century, I still can't believe the board went along with it. I know, I know the mortgages are supposedly high credit quality; thats a joke too. The mortgage default rate has now spread even to the prime sector, and ITS JUST STARTING to get bad.The brokerage sector is also under attack; they've purchased Prudential Securities and AG Edward, and who knows how many regional banks. The mortgage default rate has now spread even to the prime sector, and ITS JUST STARTING to get bad there. Their greed led to overleveraging; now its time to pay the piper. Wachovia will go bust before the end of this year.

2008 Sep 17 10:35 PM