Jim Cramer's Mad Money In-Depth. 11/1/07: Brocade Saddles Up

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Includes: AAPL, APA, BB, BRCD, CELG, CROX, CSCO, EBAY, GOOG, LULU, SEPR, UAA, VMW, XOM
by: Miriam Metzinger

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Thursday November 1. Click on a stock ticker for more analysis:

Apache (NYSE:APA), Exxon Mobil (NYSE:XOM)

Cramer prefers Apache to many other oils because it is not afraid to charge high prices and is one of his $80 to $100 to $120 plays. The company reported a "blowout" quarter and gave the "single best conference call" of any oil with production rising 9% in the third quarter. Apache buys properties at bargain basement prices and has international exposure. In spite of its advantages, Apache is cheap compared to its peers, says Cramer.

Research In Motion (RIMM), Apple (NASDAQ:AAPL), Google (NASDAQ:GOOG), Brocade (NASDAQ:BRCD), Cisco (NASDAQ:CSCO), VMware (NYSE:VMW),

Cramer's three horsemen of tech, RIMM, AAPL and GOOG may be joined with a new member, Brocade, an overlooked tech which has a "happy duopoly" with CSCO and is due for more exposure, since it makes the switches and ports for VMW's software area networks. Cramer believes BRCD will rise with VMW and would buy Brocade at $9, which would increase to $12 if it traded at 1.5 times its growth rate.

Sell Block: Crocs (NASDAQ:CROX), lululemon (NASDAQ:LULU), Under Armour (NYSE:UA)

Cramer called CROX; "A true and genuine disappointment with an unimpressive quarter and dismal guidance." Now he is telling investors to sell CROX where he urged them to buy it; at $50. Momentum stocks like CROX take years to come back, if at all, and while the shoe company may have a small bounce in the future, Cramer would use it only as a selling opportunity. He would unload LULU because he doesn't think it will double again, and he seriously considered parting with UA, concluding it is not going to be the next Nike.

Mad Mail: Sepracor (SEPR), Celgene (NASDAQ:CELG), eBay (NASDAQ:EBAY)

Cramer says SEPR's chief drug is struggling with intense competition; "I don't want to touch it for a trade or an investment," he said. Cramer recommends Celgene. Cramer told another mailer he likes EBAY and thinks PayPal has considerable value.

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