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Opening Segment Recap below  - for:  Tuesday, 03/06/07

 

posted 03/06/07:  8:07 pm ET

 

NOTE:  Opening Segment comments shown below:   ▼
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PRO/CON STOCK CLOSING
PRICE
THAT
DAY
OPENING
PRICE
NEXT
DAY
JIM CRAMER'S COMMENTS PRICE
TARGET

 
 
 

 

na na

na

'Rumor Has It'

na

Funny how two weeks ago nobody had ever heard of New Century Financial (NEW)...

And now it's destroying the whole system...


 


What am I saying?  All right, I'm being a little facetious.

I guess I'm saying that things aren't as bad as they seem...

If there is one thing I've learned from spending years and years at a trading desk, it that, when things get ugly, it's the rumors that drive the market... the rumors more often than truths...    

.  .  .  .  .

The bottom line!:    The second third of the market - the financials - are putting in a bottom right now.  Don't let recklessness - disguised as caution and prudence - keep you out of the game in the future, or you will miss many more rallies like we had today. 

       
         
         
         
         


New! Back to basics DVD: 3 episodes help the beginning investor here.

SEE ALL OF TODAY'S STOCKS: Automatically lists all stocks from Yahoo! Finance summaries:

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PRO/CON STOCK CLOSING
PRICE
THAT
DAY
OPENING
PRICE
NEXT
DAY
JIM CRAMER'S COMMENTS PRICE
TARGET

 
 

 

 

BGC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


AFTER-
HOURS
PRICE
AFTER
TALK:

 

49.52












 

 

 

 

 

 

 

 

 

 

 


 

50.22

50.50
'Picking Through The Rubble'

 


Last week was the blitz...

This week, we pick among the rubble.

See, after we get a selloff of any magnitude... especially as big as the one that just hit us, there's only one play that should always work... and it's what I recommend that you do now... pick among the rubble.

What are you searching for?

Most stocks - they're rubble - they're the ripped up pieces of concrete littered among the landscape...

You want to find something that's still in tact among the rubble.  That means one thing... companies that just reported great quarters not long before the correction...

Stocks that had great numbers, but were driven down to reasonable, buyable levels during the selloff.

Real opportunity.  That's what we're looking for among the rubble.

A company that just announced good numbers two weeks ago isn't going to pre-announce bad ones tomorrow, so we're not going to get our heads blown off if we start buying.

And you know what?  This is such a smart move to pick among the rubble, that I'm going to unleash a whole four-part series devoted to finding just these stocks - one every day this week - each featuring a great stock that was slaughtered, or just held back by the downturn, despite having great numbers during the interim.

Today, I'm pulling General Cable (BGC) out of the rubble.

Even with today's bounce, it's pulled back enough to be a triple buy - buy, buy, buy!

In the interest of caution, I think you should put some on now, and then wait for a little weakness to buy more later.

.  .  .  .  .

The bottom line!:    Everybody's  picking among the rubble.  You want to buy BGC before it gets mobbed.

.  .  .  .  .

 

         
         
         
         

[ end of opening segment ]

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  = Special Mention/Conversation
 

= Lightning Round Mention
= Sudden Death lightning round stock
          picks - at end of show
= Recommended 'Mon-back...

'MON-BACK
- This is Jim Cramer's term to indicate that he would back up a figurative truck, saying "Come on back" or do a 'mon-back' and load up on the stock being mentioned.

* Indicated this stock owned by Cramer's Charitable Trust on this day.

 

 

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