Get True Religion - Cramer's Lightning Round (7/22/08)

by: Joan Wickham

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday, July 22. 

Bullish Calls

Disney (NYSE:DIS) -- “I believe gas is dropping from $4.00 to $3.50. Americans will flock to Disney. Disney is ready to rock at $30. Buy 50% of your position now and 50% more on weakness.” 

True Religion Apparel (NASDAQ:TRLG) -- “Very hot. Stock is at a 52 week high. What can I tell you. This is a good stock.” 

Bearish Calls

United Airlines (UAUA) -- “I’ve never recommended airlines. Sell half tomorrow and the other half in four days.”

Veolia Environnement (VE) -- “There is no money to be made in water. Sell, Sell, Sell.”

Peabody Energy (NYSE:BTU) -- “I don’t want to own Peabody. This is a huge short but we recommend a paired trade. Short coal and go long natural gas.”

Office Depot (NYSE:ODP) -- “That is a tough one. I think Staples (NASDAQ:SPLS) will be the survivor.”

ACCO Brands Corporation (NYSE:ABD) -- This company makes cool office supplies. The stock is too low to sell. Stay away.”

Colonial Bancgroup (CNB) -- “I don’t like Colonial. It is too low to sell all of it. Sell half tomorrow morning. This is not a good company.”

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