Cramer's Lightning Round - Corning Is Inconsistent (5/4/11)

Includes: GLW, MCPIQ, PNRA
by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV program, Wednesday May 4.

Bullish Calls:

Panera (NASDAQ:PNRA): "I think it bottomed today. I saw it bottoming. I think Panera did a good quarter. A lot of people don't like the high flyers. I would wait for it to hit the level of $116 or $117 and then I would begin to begin to buy. If I wanted to buy 100 shares, I would buy 25 there, and wait for it to go down. If it doesn't go down, you've got a nice little 25 shares."

Bearish Calls:

Corning (NYSE:GLW): "It is too inconsistent ..this is one of those stocks that, every time it catches a gain, it gives it back. Why not take it off the table? We have other stocks that have a better, consistent pattern."

Molycorp (MCP): "This thing is a lot like silver... it is too hot... it doesn't mean that it isn't worth a lot, but I don't like the borrowed money that has come into this thing. I say "cha-ching cha-ching, blah-bling blah- bling." Sometimes it is about the price tag."


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