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Thursday, 04/10/08
Posted 04/10/08, 10:49
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Thursday, 04/10/08 |
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Dow Jones: |
12,581 |
+ 54 |
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NASDAQ: |
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2,351 |
+ 29 |
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S&P 500: |
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1,360 |
+ 6 |
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Final Segment 1
Title: |
'The Sell Block'
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Featured Stock(s): |
Yamana Gold Inc.
(AUY*)
See AUY's official
website
here.
See the Yahoo!
Finance profile for
AUY
here.
CEO Interview:
Peter Marrone, CEO
2nd segment picks
below...
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After this segment, you
can see Jim's Lightning
Round picks
here... |
Jim's Comments BEFORE
the interview:
The market has put gold,
and the gold stocks, into
a permanent Sell Block...
I mean, the stocks have
been pulverized....
absolutely crushed.
But the market is really,
frankly, not the most
edacious judge...
So, tonight, you know what
I'm going to do? I'm
busting gold out of the
Sell Block... and telling
you that, yes, gold is
still worth owning... Buy,
buy, buy!
What happened to the gold
stocks is a classic bull
market pullback, and no
more... It goes to $1000,
and backs up to $900...
That's perfect.
It is not evidence that
gold is over.
It's really just the
market giving you a great
opportunity to buy these
stocks at lower prices.
Right now, that buying
opportunity is even
better, because the IMF
(International Monetary
Fund) is selling gold...
and that's putting
downward pressure on gold
prices...
These stocks are all being
depressed simply by the
decline in gold, okay...
and I want to take the
other side of anything...
anything the IMF does...
especially considering
that, when you sell gold,
you're buying paper
currency, which is what
the IMF is doing...
I don't want to stock up
on paper currency right
now...
Actually, I like anything
that artificially and
temporarily lowers the
price of my absolute
favorite metal.
. . . .
.
Why am I confident that
gold still works, when the
market has so clearly
turned against it?
First of all, the Fed has
to cut interest rates
more... they have to.
That will make the dollar
weaker and gold
stronger...
Second, gold is the great
way to play the
uncertainty of the
presidential election, and
I predict that people will
start buying it for
security in uncertain
times, sending the price
higher.
Remember, I think that
gold's going to $1600 an
ounce... There's
also the most important
reason... we don't have
enough of the stuff...
When the IMF announces a
big sale, it's absorbed
immediately...
But... and this is a big
but... I have been
using a proxy in my
favorite one of gold...
Yamana Gold Inc.
(AUY*),
and everybody knows
that... and I
mention this gold stock so
often that the market
might as well put my face
on the Sell Block too.
Is that right?...
Well, AUY* did miss its
last quarter...
Today, AUY* released its
preliminary 1st quarter
numbers... They beat
expectations but, again,
the company lowered
overall production
expectations for the
quarter.
I'm undecided and,
frankly, a bit
perturbed... I
think this is such an
important stock that I own
it for
my charitable trust... and
I'm trying to figure out,
do I build up a position
or not... I already
have a position...
It's about 50-80 cents
lower now...
I don't whether to put
AUY* on parole, or
recommend another Cramer
fave gold stock,
Agnico-Eagle Mines Ltd. (AEM)...
That's why I've got Peter
Marrone, the CEO of AUY*,
talking to us tonight from
Europe... so we can get
more information and
decide whether to spring
AUY* from the Sell
Block...
Mr. Marrone, welcome back
to Mad Money...
. . . .
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Jim's Comments AFTER
the interview:
All right, look, I own
it... I like gold so
much that I would buy it.
It's down a lot.
It obviously had some
issues this quarter.
Some of you might want to
wait until next quarter.
I feel better about it,
but I've got to tell you
that, when a company
stumbles, as these guys
did, a lot of people
should wait for the next
quarter... I'm
going to go ahead and
probably buy some, but I
cant' be that aggressive
about it...
. . . .
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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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AUY* |
14.62 |
na |
Yamana Gold Inc.
(AUY*)
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See all of tonight's stocks'
latest quotes on
Yahoo! Finance |
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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: |
'Mad Mail'... |
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. . . .
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Featured
Stock(s): |
See comments below... |
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After this segment, you
can see Jim's
Sudden:Death picks
here... |
. . . .
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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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DM |
19.13 |
na |
Mad Mail
Dolan Media
Company (DM)
Q:
A few months
ago, I was
watching the
show and you
suggested DM,
yet on last
night's show,
you had to take
a pass... I know
you process
enormous amounts
of data, but
this stood out,
given that I did
my own research
on the newly
IPO'd
corporation and
invested and I
am now a bit
concerned.
Any direction on
DM?
JJC:
First of all, I
apologize...
When I heard
Dolan Media, I
moronically
thought Dolan,
the cablevision
company... and
that was wrong.
DM, yes
indeed... I
looked at that
company and
liked it,
because it does
credit work...
It does credit
publications,
including about
commercial real
estate, and I
stick by it.
The stock missed
the quarter, and
that's why it
got hit... but I
think it's got a
great business
model, and it
will come back.
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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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Definitions of key phrases
used by Jim, known as
"Cramerisms": |
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Definition: 'Pull the
trigger' is Jim's phrase for making
the decision at that point to trade -
either to 'buy' or
to 'sell' (although he
usually uses the phrase for
buying), as if to say you
should feel comfortable
enough to make the final
decision without looking
back... |
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Definition: 'Ring
the Register' is Jim's phrase for
selling a stock, and making
it a final sale, that you
should not look back on.
Put it behind you. |
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Definition: 'Let It Come In' indicates how you
may wait for it to pull back, or have the
stock price come down briefly, as your
chance (after letting it come in) to buy
the rest of your position (i.e., total
number of shares you own in that stock). |
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Definition: 'backing it up'
or 'doing a 'mon-back' is Jim's
phrase for the metaphor of backing up a
truck to load up on a stock by buying
it. 'Mon-back is short for the
imaginary worker saying, 'Come on
back...' as the truck is backing up to
receive its load... Notice that we use
the little truck icon to indicate where
Jim has mentioned this.
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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See more
"Cramerisms" & other
financial phrases
here >> |
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Helpful Websites: |
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See the stocks currently
known to be in Jim Cramer's
Charitable Trust at:
jim-cramer-charitable-trust-stocks.com |
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See the stocks currently
known to be in Warren
Buffett's portfolio
of
stocks at:
warren-buffett-portfolio.com |
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Stock Homework 101:
This is an excellent
upcoming site that provides
resources and links to help
you do that homework that
Jim Cramer recommends after
hearing his suggestions...
StockHomework101.com
This site is coming soon.
Thank you. |
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FastMoneyRecap:
This site will be a quick
summary of recommendations
made by the great Fast Money
TV show crew, that will
offer you a unique service,
to compare their picks to
Jim Cramer's past comments
about those stocks.
Fast Money Recap - Trades
for next day...
Compare these picks to Jim's
comments for the same
stocks. |
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© 2005-2007 MadMoneyRecap.com ■
Important disclaimer: This site is
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Cramer, and is not associated with
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broadcasts. Please note that all
thumbs up or thumbs down
indicators are not always clearly
indicated on the show and are
interpreted by us as accurately as
possible. Some comments have been
edited for brevity and clarity,
and extraneous material omitted. Please rely on watching
the show yourself, doing
your own homework,
and reading the text of the
comments to draw your own
conclusions. Also, data presented
on this site should not be used to
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cannot be guaranteed. Please
consult with your own financial
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