Fannie Mae (FNM) and...
Freddie Mac (FRE)
See Opening Segment 2,
below...
After this segment, you
can see Jim's Lightning
Round picks
here...
Jim: Sometimes this
market's just an out-and-out liar... a
dissembler... a pants-on-fire machine...
that makes you so baffled, so confused,
that you need to come to someone like
me, who can cut through the fork-ed
tongues, as easily as a hot knife
through Land-'O-Lakes (butter brand)...
Today, the market fibbed like mad and,
if you listened to it, you would be
stupefied...
So boy, am I glad you found me back in
my regular slot, so I can set you
straight...
The stocks of these two knuckleheads
went up today in one of the most hideous
days of the year... and you know how
wrong I think that was?... You know
what? I'm going to tell you how wrong
that was...
Do you know that I believe that almost
every other stock went down, because of
the woes of these two companies...
that's why you suffered!
They went down, because we rallied near
the end of last week, as we hoped that
the common stock of these two
nare-do-wells would be wiped out...
The Treasury Department was supposed to
ride to the rescue this morning with a
big-bang play... bailing out the debt
holders... maybe even the preferred
holders... and leaving the common stock
of these two jokes of capitalism holding
the empty shopping bags they deserve,
the suckers...
And when it didn't happen, when those
two were allowed to live to be feckless
again... well, the market went and
rolled over...
Other than
General Motors
(GM),
Ford (F),
American International Group
(AIG),
Lehman Brothers
(LEH),
Citigroup (C)
and
Washington Mutual (WM)...
Fannie (FNM)
and
Freddie (FRE)
are the root of all stock market evil...
Now, I want you to be sure to understand
the stakes here...
. . . .
.
More comments will
continue here...
Note: We
now quickly post the
specific stock
recommendation, and Jim's
"Bottom Line" for each
segment... and then
follow-up with the
complete recap of his key
comments. Check back
early
in the morning, to read
the recap of this
segment, in its entirety, along
with the complete Mad Money show
recommendations and
comments...
. . . .
.
The Bottom Line!:
The
Fannie (FNM)
and
Freddie (FRE)
deathwatch countdown is now on! It
has officially begun!... And the
sooner it ends, the sooner the rest of
the market can start going up, without
immediately getting machine-gunned right
back down!
■
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Second
Segment
Opening Segment 2
Title:
'CLNE Sweep'
. . . .
.
Featured Stock(s):
Clean Energy Fuels Corp.
(CLNE)
See CLNE's official
investor relations' site
here.
See the Yahoo!
Finance profile for
CLNE
here.
After this segment, you
can see Jim's Lightning
Round picks
here...
Jim: By the
way... It doesn't matter who wins (the
U.S. presidency) in November...
I'm happy to report that I believe our
system of government of the corporation,
by the corporation, and for the
corporation... shall not perish from
this earth!...
And I have what I think is the perfect
stock to play the fact that, in this
country, it's not even necessary for
companies to buy politicians... as long
as politicians can buy companies!
I'm talking about
Clean Energy Fuels Corp.
(CLNE)...
a Cramer fave... C-L-N-E... a company
that builds and runs natural gas fueling
stations for vehicles that run on
compressed or liquefied natural gas...
. . . .
.
Now, I recommended this one, along with
Fuel Systems Solutions, Inc.
(FSYS)
back on August 1st... I'm trying my luck
again here, because FSYS is up 46.6%
since we recommended it on August 1st,
but CLNE has barely moved...
Now, I said it was speculative, but I
think it's going more blue chip by the
day... because the powers that be in
Washington are solidly behind it, and
even better, they're in it!...
Nancy Pelosi, the Speaker of the
House... who holds up anything that's
even remotely related to pollution...
who probably hates aerosol and thinks
the mosquito should be a protected
species, if not the black fly and
trichinosis... the person who is the
biggest impediment to anything
energy-related, just so happens to own
between $100,000 and $250,000 worth of
stock in CLNE!... according to a great
article in The Wall Street Journal last
week... You cannot make this capitalist
system up!
The Journal says the position is less
than 1% of the combined worth of Pelosi
and her husband... I say it's money! And
she wouldn't own it, if she didn't think
it would work...
. . . .
.
And this is the really key part...
Whether or not CLNE works... means the
stock will go up... will be totally
determined by government... the state
governments, and by Congress...
Back in the days of the hedge fund, CLNE
is what we would call a "concept
stock"... Nobody is likely to use gas
stations that only serves up natural
gas, unless the government pushes all
kinds of initiatives to make that
happen... What would make CLNE great is
if the concept is endorsed... not by the
people... but by the government!
. . . .
.
This isn't a company that makes
toothpaste or semiconductors... it makes
a product that has virtually no economic
value whatsoever... It's a definitive
money loser, unless powerful people like
the Speaker of the House get the fact
that natural gas... which is cheaper,
cleaner and more plentiful in America
than oil... is, if not the fuel of the
future, then the right interim fuel of
the present... To quote the Great One...
the "Chef of the Future" has more of a
future than CLNE does, without
government backing... the "Chef of the
Future"... that's a Honeymooners... boy,
am I old...
Boone Pickens is the largest shareholder
in CLNE. It's his vehicle, so to
speak... Pickens and Pelosi... I guess
money makes strange Stearns and Foster
pals (i.e., bedfellows)...
What kind of system allows a person in a
position of so much power make this kind
of bet?... How can that be? It's
ridiculous!...
We don't need a referendum... It seems
to me that nothing is better than the
Speaker of the House owning this
stock... it's priceless! Holy cow...
Becky Quick, hold your ears... it's even
better than
Warren Buffett
being a shareholder... because Buffett
does not control the House of
Representatives, although he has a lot
of mindshare...
I liked this one before but, now, if
Pelosi's behind it, I want to double
down...
. . . .
.
This is the clearest possible
endorsement of natural gas as a
transportation fuel that I can think
of...
But more good things have happened since
the first time I mentioned CLNE...
It reported a better-than-expected
quarter, losing only 5 cents, rather
than 11 cents a share... Do you think
Pelosi likes this one for the
earnings?... Hard to believe, since it
hasn't ever had any... She has to like
it, because she believes in what the
government can do to make this concept
stock a reality.
Now, what makes this a play on election
day?... How do I circle back to the
convention?...
There's a ballot initiative in
California - Pelosi's home state -
that's polling at about 60% approval to
authorize $5 billion worth of bonds to
fund the replacement of 70,000 trucks
and 150,000 cars with vehicles that run
on... yes... compressed natural gas,
liquefied natural gas, and other clean
fuels...
Man, fill 'er up at the Pelosi gas
station!...
. . . .
.
If the ballot initiative passes, that
should be incredible for CLNE... I was
actually worried... maybe even
"fretting"... about this passing... I
was actually perturbed, if not
concerned... until I read about Pelosi's
disclosure...
There's no way the biggest potential
opponent is going to crash this natural
gas party... not with some clean skin in
the game...
Right now, the fact that there should be
just 300 trucks that run on liquefied
natural gas at the Port of Los Angeles
and Long Beach seems a big positive for
the stock... Come on!... 70,000 trucks
and 150,000 cars are orders of magnitude
bigger!
Exxon Mobil (XOM)
may even have to look into this!...
. . . .
.
The other great thing about CLNE is that
it seems to be the only player in the
business that may be able to deliver...
The company lost a contract in Phoenix
to a cheaper provider... The other
company apparently couldn't deliver and
now, 75% of the business CLNE lost in
Phoenix has come back to it.
The company has some fixed-price
contracts that have been hurting its
margins, but those should expire at the
end of the year. It also bought a
landfill gas production facility - the
third largest in the country - which
helps diversify its business.
But make no mistake... I believe CLNE is
a play on California and perhaps the
Feds mandating the use of cheap, clean
and plentiful natural gas as a fuel. In
my view, it doesn't even have to be for
that many vehicles to be great for the
stock...
This one is a bet on what the
legislators will do... but we can see
that Nancy Pelosi's betting on it, so it
makes sense that she's betting on
herself.
. . . .
.
The Bottom Line!:
I say we bet with Speaker Pelosi...
Okay, maybe not on all issues... and we
buy some
Clean Energy Fuels Corp.
(CLNE).
But, remember, this is a really small
stock, so don't pay up, and wait at
least five days from now, before you
pull the trigger.
Keep your powder dry... and that goes
for you too, Ms. Speaker... if you're
thinking about averaging up on the
position...
■
Stock Snapshots - Includes
all stocks mentioned above
■
Jim
Cramer's
rating on
this stock
STOCK
SYMBOL
Closing
price
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day
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Go to the LIGHTNING ROUND from
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Back up the truck -
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says the stock is so good,
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In other words, this is the
sound someone would say to a
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back... " as he is "backing
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This recommendation by Jim
indicates that, after you do
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you should feel comfortable
loading up on it, as it is
in a good position to be
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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
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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
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