Blockbuster is Dumb - Cramer's Lightning Round (5/12/08)

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Includes: BBI, CCTYQ, CKH, CNQ, GEOY, GGB, ISRG, MIICF, S
by: Miriam Metzinger

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Monday May 12. Click on a stock ticker for more analysis:

Bullish calls:

Diversified Machinery (NYSE:CKH): "I like that company. It should be at the top of its 52-week range. I'm a buyer of that one."
Gerdau S.A (NYSE:GGB): "That's from Brazil; that stock goes higher. I just think Brazil is so good. I'd buy some more right here."
Millicom International Cellular (MICC): "This is one of my absolute favorite cell companies. You let that one ride my friend."
Canadian Natural Resources (NYSE:CNQ): "This is one of my best calls. It would be a crime against humanity if you didn't take some profits, but let the rest ride."

Bearish calls:

Blockbuster (BBI): "There is a company that would be at $5 if it hadn't decided to buy Circuit City. That's one of the dumbest thing I've ever seen a company do. Dumb, dumb, dumb, dumb."
Intuitive Surgical (NASDAQ:ISRG): "I called the top in that. I want you to ring the register."
GeoEye (NASDAQ:GEOY): "No, it just blew up. I'm still reeling from just how bad it was."
Clearwire (CLWR): "No, no, no, we don't want to be in that thing. Anytime that one spikes, you sell it. " Circuit City (NYSE:CC): "I want you to ring the register nine ways to Sunday…you cannot be in that stock."

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