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Thursday, 01/10/08
Posted 01/10/08, 11:33
pm |
(Scroll down to see Jim's
comments below) |
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Today's date:
Thursday, 01/10/08 |
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Dow Jones: |
12,853 |
+ 117 |
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NASDAQ: |
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2,488 |
+ 13 |
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S&P 500: |
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1,420 |
+ 11 |
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On Countrywide Financial Corp.
(CFC)...
JJC: Look, this is
what the Fed wants... we are at
the precipice... this is when we
need shotgun marriages... Do I
think it's really going to come as
a premium, CFC?... Only the
preferred, COUNTRYWIDE CAP V (CFC-PB)...
I've been recommending CFC-PB...
you get paid off fully with that.
I don't even know if the stock
goes out at where it was earlier
this morning... But this is
what the Fed wants. It
doesn't want a trillion dollar
servicing business falling apart.
It just wants CFC out! It
also wants a deal with a
Washington Mutual (WM).
This is what happens... In
1990, you'd go to bed, and your
bank was Crossland. You'd
wake up, and it was another bank.
That's what the Fed did...
At the bottom, the Fed agrees to
cut rates so that all the
companies that want to make these
acquisitions know they're going to
be homeruns. That's where we
are. This is what happens at
the bottom... The
preferred (i.e., CFC-PB) gets
played fully... I just don't
know why the Fed would say,
listen, you've got to pay a
premium for CFC... We pay a
premium for agriculture... we pay
a premium for
Monsanto (MON)...
. . . .
.
On the Federal Reserve and the
markets today...
JJC: This is another
short covering rally... Now I can
just tell you, we were so
oversold, these things don't go
away immediately. Everyone
was keying on
MBIA (MBI)
and
MGIC (MTG)...
They were keying on
PMI (PMI)
and they were keying on
Countrywide (CFC)...
and they were keying on
Washington Mutual (WM)
and keying on the airlines...
Those were just the greatest
shorts in the world, until
yesterday, at 2:20pm, when you
interviewed the Berkshire guy...
and since then, they've been
rocky... well the shorts may not
like you, but there are 91 million
longs that might like you...
. . . .
.
On the airlines and AMR Corp.
(AMR)...
JJC: I went out to
dinner the other day with the
airline trader of a major, major
firm... he's one of the greatest
traders in the world... but he
said, look, AMR Corp. (AMR)
is worth $30 bucks! (i.e.,
it closed today at $13.41)...
AMR's got a lot of hidden assets.
Look, I'd recommend this group in
a month of Sundays... we're having
that month. The shorts are
right now... they pressed their
bet, pressed their bet...
Suddenly, a Washington source on
CFC... suddenly...
. . . .
.
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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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CFC-PB |
17.08 |
na |
COUNTRYWIDE CAP V (CFC-PB)
(preferred stock)
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AMR |
13.41 |
na |
AMR Corp. (AMR)
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Go to the next 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
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made by the great Fast Money
TV show crew, that will
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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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Important disclaimer: This site is
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possible. Some comments have been
edited for brevity and clarity,
and extraneous material omitted. Please rely on watching
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