No Buy Recommendations - Cramer's Lightning Round (10/1/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday, October 1.

Bearish Calls:

US Steel (X) -- “With the price of steel coming down, X could have further to drop before it bottoms. Stay away from U.S. Steel for now.”
Honeywell (HON) -- “Unbelievably good manager but the Boeing (BA) strike has to be settled to buy here.”
Jeffries (JEF) -- “The company is very well run but I am not recommending any brokers.”
Yamana Gold (AUY) -- “This gold company has disappointed again and again. I think investors should have a gold stock but I am not recommending this one."
Arch Coal (ACI) -- “If Barack Obama wins the presidency, anything coal is no good.”

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Comments

[Pfloyd234:]

Wachovia is a buy? HAHAHAHAHAHAHA!!!!!!!

2008 Oct 01 07:50 PM

[Tomahawk Tr...:]

Selling mine into the rally on Friday :>)

2008 Oct 01 09:23 PM

[Michael Zhuang:]

No buy recommendations from Cramer? That's a good sign for the market. Remember his "July 15 was the bottom" call or his Wachovia calls.

2008 Oct 01 11:42 PM

[AlexS:]

Kramer's always had buy recommendations when the market was at its high. Now he's got none. A sure bottom sign!

2008 Oct 01 11:53 PM

[svosavvy:]

Get out your bear meat slicer, lol. If obama wins the presidency, we will still need electricity, long aci especially at these give away prices, bought some more today.

2008 Oct 02 08:52 PM

[einstein p ...:]

Cramer should stop with the doom and gloom and get more constructive. Panic selling good stocks at a loss isn't going to accomplish much unless you need the tax write off.

Cramer gets it wrong just as often as he gets it right. The July 15 bottom on WB was just one example. He owns up to the mistakes when he makes them, but you still own the losses.

Would I sell ACI at 27? No. Would I sell NOV at 40? No. Would I sell FWLT at 30? No. Would I sell JOYG at 37? No. Would I sell MOS at 40? No. While I may not add to positions until the market settles down, I certainly wouldn't panic and sell companies with strong fundamentals, healthy balance sheets, and excellent management for a loss. I'd just put them away and take a look again in 18 months.

BTW ---- Both Biden and Palin were pro the use of all alternative energy including cleaner burning coal in the debate. ACI is a buy.

2008 Oct 05 01:25 PM

[capital pains:]

Thankfully, this snake-oil salesman shut his mouth, for once...
His picks this past year have been as atrocious as the market ..'Who needs this clown ? Only the sheep out there in tv land !
Thanks, cramer, I can pick my own losers. Your record has been no better than throwing darts, worse actually ....

2008 Oct 09 07:38 PM

[einstein p ...:]

JC would do better with his own money on the line --- unfortunately, that's not the case. He's right about one thing --- do your own homework.

His online company downgraded ACI this morning. I bought it at 24 last Friday and picked up a quick five points. Thanks, Jim.

Cramer has quoted the virtues of reading the front page of the NY Times to extrapolate investment information. Good article about China on the front page over the weekend in regard to a new farming policy. Seems to me that China wants to modernize the feudal farming business. I would extrapolate that would be good for dry bulk, tankers, fertilizer, seed, farm machinery, and infrastructure. Jim?

2008 Oct 13 10:42 PM