Recap of Jim Cramer’s comments on Stop Trading! Monday March 12. Click on a stock ticker for more analysis:
Morgans Hotel (NASDAQ:MHGC): Cramer praised CIBC analyst David Katz for sticking to his guns when he put a buy rating on MHGC at 16. Since then, it has risen to 19, and Katz is optimistic that it will go higher.
Melco (MPEL) and Las Vegas Sands (NYSE:LVS): Although he profited well year over year from LVS in Macau and made "100% for our viewers" with the stock, Cramer regrets having recommended MPEL, which sneaked in a press release late on Friday about its huge overruns, news that did not make the American media; "I don't like that kind of late Friday, only Australian-paper pickup." Concerning subprime lenders, he commented they haven't "been as big a loss to the economy as March Madness."
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