No specific stock picks.
See Opening Segment 2,
below...
After this segment, you
can see Jim's
Sudden:Death picks
here...
Jim:
The most important
thing you need to
account for today is not
Hank Paulson's (Treasury
Secretary) plan to use
hudreds of billions of
dollars to get rid of
toxic mortgage-backed
paper off of the banks
balance sheets...
It's not Christopher
Cox's (SEC chairman)
lunatic, but certainly,
one-day positive move to
ban short selling of the
financials...
No...
It's the simple fact
that we were up 369
points today, after a
410-point gain
yesterday.
Somebody likes it... the
market does.
You see, it's price, and
the fact that today was
the best day we've had
for selling in a long
time...
Okay, listen... when
stocks are down big, a
disciplined investor...
what does a disciplined
investor - that means
someone who is a good
investor - looks at the
earnings, and picks
among the rubble...
buy, buy, buy!...
buying stocks that are
down too much.
Hey, when we're up big,
we don't put that
discipline on hold,
while we sing happy
songs... and then buy
stocks
hand over fist... that's not
us...
We don't get swept away
by the exuberance of the
moment...
What do we do?...
Sell, sell, sell...
We sell.
A 779-point rally in two
days means only one
thing. Man, you've
got to sell, sell,
sell... This has
to be the single-best
opportunity you're going
to have in a long time
to get out of your bad
investments.
Remember, the whole
week... it ended up
doing nothing for the
week... actually, almost
unchanged. That's
okay, we had a nice
upswing. And, on
Monday, it could
continue.
We need you to get out
of your mistakes.
It's also a time to take
profits in your
winners...
Now, here's what I want
you to sell...
I would be selling 20%
of what I owned here...
20%. But it's
important to sell the
stocks that deserve to
be (sold)... sell, sell,
sell!... So your
Game Plan for the
weekend...
Your Game Plan for the
weekend is to figure out
which ones should be
sold. So sit down,
look at all your stocks
and rank them. You
rank them from 1 to 4,
okay... This
is what I'll be doing
with
my charitable trust... It's
what you have do every
time you get a big move
in the market in either
direction...
because price matters...
. . . .
.
The Bottom Line!:
Rallies are for selling! This
weekend, rank your stocks from 1 to 4.
You should have a lot of 4's at these
prices. Your Game Plan... you're
going to sell 20% of what you own, while
we're still going up... Then, when
we're down, we'll be all set to do some
buying...
■
Stock Snapshots - Includes
all stocks mentioned above
■
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)
Most popular
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Second
Segment
Opening
Segment 2
Title:
'Close Call'
. . . .
.
Featured
Stock(s):
General comments about the government
intervention and bailout.
No specific stock picks.
After this segment, you
can see Jim's Lightning
Round picks
here...
Jim:
I'm hearing a lot of complaints
today about what the
government's done to save the
system. Ooh, scary... it's
too expensive... it's a phony...
it's a major over-reaction...
All that tells me is that people
don't really understand why the
government did what it did...
Let me tell you what this is
really all about...
If the United States governemnt
didn't do what it did in the
last 24 hours, then if you went
to the ATM machine in a week's
time, it might have nothing to
give you... I'm going to
repeat that... You could
go to an ATM and it wouldn't
work... it wouldn't give
you money...
It could have been like that.
It could have been that
simple...
. . . .
.
The Bottom Line!:
This is the least outrageous thing
the government's done lately. It's
a coherent plan... the plan I've been
calling for... but I don't want to take
too much credit. That actually
deals with the problem of bad
mortgages... and takes a second
Great Depression mercifully off the
table.
■
Stock Snapshots - Includes
all stocks mentioned above
■
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)
na
na
na
General comments about the government
intervention and bailout.
No specific stock picks.
Go to the LIGHTNING ROUND 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:
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...
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.
