MAD MONEY RECAP | LIGHTNING ROUND | Monday, 06/09/08

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	Monday, 06/09/08 Posted 06/09/08, 10:39 pm ET	(Scroll down to see Jim's comments below)



Today's date: Monday, 06/09/08

	Dow Jones:	12,280		+ 70
	NASDAQ:		2,459	- 15
	S&P 500:		1,361	+ 1


■	Stock Snapshots - Includes all stocks from callers' questions	■

After this segment, you can see Jim's Closing Segment picks here...

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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)

RIO

36.82

35.66

CVRD (RIO)

RIO - That stock has come under pressure. It's a mistake that it's come under pressure. It's located in Brazil. The stock has come off 8 points from its high... so it's down almost 20%. I want you to pull the trigger. I think you should stick with that one... That company is maybe the greatest mineral company in the world, and it is so well-run that RIO is a great core position for someone who needs to have a mineral stock in their diversified portfolio...

DISCA*

25.79

25.43

Discovery Holding Co. (DISCA*)

DISCA* - She's (Oprah) is supposed to come in on the new entity. I have owned this stock, and I have a very big win for my charitable trust... I scaled out of some DISCA* today. Why? It was strong in a bad market, and I find, frankly, it's still an up stock, but I want it to dip before I would buy any more... and the reason why, even though cable is en fuego... we keep reading those articles, David Carr in the New York Times about cable... I see so many bargains of the stocks that have come down, that I want to have a little bit of extra firepower (i.e., cash balance on hand in his trust, ready for those opportunity buys)... but I think you've got a good one for the long term, and I say the next stop for that one is $27... Why did I sell some then? Well, because I need the capital to buy some other stuff...

AYR

10.25

10.26

Aircastle LTD (AYR)

AYR - I have struggled with AYR, because they are not getting cancellations... They have been hurt by the asset-backed commercial paper market... They would say, no, we're really not affected by that, but people don't want to buy asset-backed paper, which these companies have historically used. And, more importantly, I mentioned Boeing (BA) earlier and how BA goes down every time an aircraft carrier goes bust... These guys could be on the hook for carriers we don't know about. Again, let me tell you where I'm coming from... I recommended this, and Genesis Lease (GLS), and I hurt people... and, when I hurt people and I hurt myself, I take my flogging... I do what's necessary... but I got people out of them at higher prices, The cardinal rule on this show, is that the moment you know that you're wrong... take action. Witness the fiasco that was Coldwater Creek (CWTR), where I liked it at $27. At $16, I got out and then the stock went to single digits... I'm not getting back on the AYR horse...

TEX

66.52

66.44

Terex Corp. (TEX)

TEX - You know, TEX shouldn't be this low. It's a great international franchise. I regard it as not as great as Caterpillar (CAT), because CAT is, without a doubt, the most unbelievable manufacturer in this country, I think... but I think TEX should be bought. It's come down way too much... I think that TEX, at $66, is a buy.

CAT

80.81

80.30

Caterpillar Inc. (CAT)

See TEX comments above for:
CAT

MTL

52.85

52.19

Mechel Open Joint Stock Co. (MTL)

MTL - Yes, I like it very much... I like that stock very much. By the way, United States Steel (X)... was up 4... Yes, we like this group... we like minerals, we like steel... they continue to work. Minerals, steel, oil, gas... drilling... They're all working. Now, people will say, Jim, isn't the streak running out? I will tell you when I think the streak has run out.

DRYS

88.08

85.28

DryShips, Inc. (DRYS)

DRYS - No... I don't want you to sell. This is a dry bulk carrier. I think business is good. Right now, people are saying, well, wait a second, a worldwide slowdown... (buzzer sounds)... Every time we hear "worldwide slowdown," that stock gets hit. One of the reasons why I like Frontline (FRO) is that it's got a fabulous dividend, and it's not going to get hit nearly as bad... but, I've got to tell you... I would not sell DRYS here. Don't buy, dont' buy... I don't want to buy it, but I do not want to sell it... It's not bearish.

FRO

66.31

64.30

Frontline Ltd. (FRO)

See DRYS comments above for:
FRO

CHL

71.04

70.03

China Mobile Limited (CHL)

CHL - I left the company... Fortunately, we recommended to sell that stock higher. Why did I recommend taking it off the table?... Sell, sell, sell!... The Chinese communist government does not seem inclined to allow this company a bigger monopoly than it has. They have been basically, I think, subsidizing competitors. I don't like that situation. By the way, may I reiterate that I am not recommending any communist Chinese stocks right now, except for Gushan Environmental (GU), and the reason why I'm not is, shockingly, they're communists...

13.06

13.16

Gushan Environmental (GU)

See CHL comments above for:
GU

[ end of lightning round ]

After this segment, you can see Jim's Closing Segment picks here...

Go to the CLOSING SEGMENT from tonight's show here >>

See current quotes on Yahoo! Finance from tonight's show stocks here >>

Symbol keys:
	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 >>
	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.
	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.
	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.
	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.

Definitions of key phrases used by Jim, known as "Cramerisms":

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...

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.

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).

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.

See more "Cramerisms" & other financial phrases here >>

Helpful Websites:

See the stocks currently known to be in Jim Cramer's
Charitable Trust at:

jim-cramer-charitable-trust-stocks.com

See the stocks currently known to be in Warren Buffett's portfolio
of stocks at:

warren-buffett-portfolio.com

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.

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.