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Monday, 03/03/08
Posted 03/03/08, 11:14
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Monday, 03/03/08 |
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Dow Jones: |
12,258 |
-
7 |
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NASDAQ: |
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2,258 |
-
12 |
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S&P 500: |
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1,331 |
- 0 |
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Final Segment 1
Title: |
'Sweet Sixteen'
'It's a Gas, Gas, Gas' |
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. . . .
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Featured Stock(s): |
Chesapeake Energy Corp.
(CHK)
See CHK's official
website
here.
See the Yahoo!
Finance profile for CHK
here.
See Closing Segment 2,
below...
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After this segment, you
can see Jim's
Sudden:Death picks
here... |
JJC:
Now it's natural gas' turn
to get its Sweet Sixteen
party...
Now, we've got oil hitting
a brand new high today,
and we've got coal
shortages... both of which
mean natural gas should go
much, much higher.
This is the replacement
fuel... for when oil and
coal get too expensive, or
too dirty, we switch to
natural gas...
It should be what we use,
but it doesn't have enough
states to make it so the
politicians love it...
What's the play?...
. . . .
.
Well, I've got a new one
for you. It's
actually an old Cramer
fave...
I'm talking about
Chesapeake Energy Corp. (CHK)...
the largest driller for
natural gas, and the
largest independent
producer of natural gas,
and the third-largest
overall producer in the
United States...
. . . .
.
The story here is
two-fold... production
growth and insider
buying...
On the growth side, CHK
has just got great
production metrics...
21% reserve growth rate,
369% reserve replacement
rate...
CHK is the producer most
levered to natural gas...
meaning that, if you
believe natural gas is
going to $16... this
is the one. In other
words, if you think
natural gas is going from
$9 to $12... boom!... CHK
is the play.
. . . .
.
Then there is the insider
buying angle reason, which
is the main reason that I
am really, really trying
to get ahead of CHK
today...
The CEO, Aubry
McClennan... He's
demonstrated an amazing
knack for buying his stock
at right times and he is
always welcome on Mad
Money...
Now, big insider buying is
almost always a bullish
sign for stocks, right?...
Big insider buying done
well, especially when the
CEO just bought a huge
number of shares...
400,000 shares, just last
week... at prices roughly
equal to where the stock
is now trading?...
If you ask me, that just
says, "Buy me, buy me, buy
me..."
. . . .
.
The Bottom Line!:
Given the fact these
stocks have had... Do this
for me... Let's say you
listen to Cramer and you
want to buy 100 shares...
Why don't you buy 25
tomorrow, and then do some
more homework... and try
to buy below his (CEO,
Aubrey McClennan's) last
buy... Won't you feel
great you bought below the
CEO?... This guy knows his
stock. He's been a
believer at the right
times, and he's made money
for himself and his
shareholders. I
don't want to try to
out-think this.
Natural gas is going
higher. Aubrey
McClennan's buying for
CHK. So, the bottom
line... You better think
about buying some
Chesapeake Energy Corp.
(CHK)
too.
. . . .
.
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■ |
Stock Snapshots - Includes
all stocks mentioned above |
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Jim
Cramer's
rating on
this stock |
STOCK
SYMBOL |
Closing
price
that
day |
Opening
price
next
day |
Full Company
Name/Comments
(see comments above for
each) |
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CHK |
46.08 |
46.40 |
Chesapeake Energy Corp. (CHK)
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See all of tonight's stocks'
latest quotes on
Yahoo! Finance |
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This holiday's
hottest tech
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Completely
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more details >> |
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Most popular
investing books ordered:
(click any book to see at
Amazon.com) |
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Final Segment 2
Title: |
'On The Line'
Governor Interview
Pennsylvania Governor,
Ed Rendell |
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. . . .
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Featured Stock(s): |
No specific stock picks.
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After this segment, you
can see Jim's
Sudden:Death picks
here... |
Jim's comments BEFORE
Interview:
My old home state of
Pennsylvania has produced
something astonishing...
something that just,
frankly, knocked me
over... a decline in
the rate of foreclosures
for residential housing.
This is according... to
RealtyTrak, which is an
outfit of record, when it
comes to keeping track of
these numbers.
RealtyTrak says some of
the reasons for this rest
squarely with the state
government... We'd
better find out what is
going on, right?... So
we're bringing on Governor
Ed Rendell to get to the
bottom of this...
Governor Rendell has put
forth a couple of measures
that I think might work
around the country...
Governor Rendell, welcome
to Mad Money!...
. . . .
.
Jim's comments AFTER
Interview:
Governor Rendell... Thank
you. These are terrific
bold ideas. I hope
they get adopted
nationally. Thank
you for coming on Mad
Money. It can be
done! It can be
done! The FHA
can do his plan! Why
the FHA isn't doing it?...
Well, let's just say, it's
politics...
. . . .
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■ |
Stock Snapshots - Includes
all stocks mentioned above |
■ |
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|
Jim
Cramer's
rating on
this stock |
STOCK
SYMBOL |
Closing
price
that
day |
Opening
price
next
day |
Full Company
Name/Comments
(see comments above for
each) |
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na |
na |
na |
na
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[
end of final segment ]
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Go to the SUDDEN:DEATH
SEGMENT from
tonight's show
here >>
See current quotes on Yahoo!
Finance from
tonight's show stocks
here >> |
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Symbol keys: |
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A Charitable Trust stock.
- An asterisk next to a
stock symbol indicates that
Jim mentioned it is a stock
that he manages within
his
charitable trust portfolio.
You can see the complete
portfolio
of stocks
here >> |
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Thumbs up - indicates
he would buy the stock or,
at the very least, not sell
the stock. We do our
best to interpret Jim's
opinion on stocks, as we
think it is indicated by his
comments during the show.
Please read his comments to
decide for yourself. |
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Thumbs down -
indicates he has said not to
buy or to sell the stock,
based on his comments
We do our best to interpret
Jim's opinion on stocks, as
we think it is indicated by
his comments during the
show. Please read his
comments to decide for
yourself. |
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Back up the truck -
indicated by Jim, when he
says the stock is so good,
that he would do a
'mon-back' on the stock...
In other words, this is the
sound someone would say to a
truck driver, "Come on
back... " as he is "backing
up the truck" to load up on
his cargo. Translation
for buying stocks:
This recommendation by Jim
indicates that, after you do
your own
homework on the stock,
you should feel comfortable
loading up on it, as it is
in a good position to be
bought at this point. |
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Stumped. - Of the
2,000+ stocks that Jim
Cramer has in his head, for
which he has an informed
opinion, he sometimes comes
across a caller with a stock
he does not know well enough
to opine on... He then
indicates he is stumped and
will have to come back to
it, after he does some
homework of his own on
the stock. This
usually occurs during the
Lightning Round, when Jim
does not know in advance who
is calling, or what their
stock question is about. |
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