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Tuesday, 01/15/08
Posted 01/16/08, 1:23
am |
(Scroll down to see Jim's
comments below) |
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Today's date:
Tuesday, 01/15/08 |
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Dow Jones: |
12,501 |
- 277 |
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NASDAQ: |
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2,417 |
- 60 |
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S&P 500: |
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1,380 |
- 35 |
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On trading Citigroup (C*)...
JJC: I got this wrong.
I expected bold action... I
expected bold action. I
didn't get bold action... If
he (i.e., CEO, Vikram Pandit) took
all that capital in, why didn't he
wipe out more of the bad?
AAA means nothing... Every
other bit of AAA is backed up by
agency paper that they cannot
afford... the agencies cannot
afford to backstop any AAA, and
the ratings agencies were wrong,
and the insurance companies were
wrong... They got another
$20 billion... There's
another $20 billion that they can
take. There is. Plus I
want to hear that Nikko Cordial is
out... I want to hear an unwind
and repudiation of previous
management... I want to hear
Prince (i.e., previous CEO, Chuck
Prince) gone... I want to hear Bob
Rubin (Director) gone... I
mean, the legacy of Prince gone...
It's time for Bob to move on...
he's done a lot of good work in
his life, but anyone who was
involved in the Prince regime,
it's time for them to move on...
absolutely. Prince wrecked
the franchise. O'Neill was
trying to wreck it, but wasn't
really able to do it. Prince
was extraordinary, in terms of his
wrecking the franchise...
This was a chance to take this
stock up, if he (Pandit) had been
clean, clean, clean...
because they raised so much
capital... I just want
him to make bold statements... I'm
not asking for Jack Bauer (ref. to
Fox's show, "24")... So you
sell the common (stock), and you
buy the convertible preferred.
That's what I did with
Ford Motor Co. (F)...
I recommended that you buy the
preferred in
Countrywide
(CFC),
not the common... This is a better
piece... If you weren't stuck in
C*... I'm in it in
my charitable trust...
I would love to be able to swap
this for that preferred, and
everyone's going to do that...
That's what happens... If
you create a better piece of paper
than the common, people are going
to sell the common and buy the
preferred. Now you're going
to have two more quarters where
you're going to have charges, and
no one wants that.
. . . .
.
On a reversal of position on
Agriculture stocks...
JJC:
Agriculture went
parabolic yesterday...
My experience in 29 years of
trading is that, when stocks go
parabolic - meaning they go up $8,
like
Mosaic (MOS)
did... If you don't take
some off the table, I am
guaranteeing that you will get
hurt. No parabolic move is
ever sustainable...
Monsanto Co. (MON),
Mosaic (MOS),
Agrium (AGU),
Deere & Co. (DE),
Bunge (BG),
Syngenta AG (SYT)...
Look, you can revisit these lower
but, as oil comes down, people
will sell these... I think
these are still the best thesis,
but I can't... I want to be on
record as saying listen, I've
liked this group but, you know,
it's enough... This market's
too hard. I don't want
people to lose these profits... I
just now feel yesterday's
parabolic move is too dangerous
for me... too dangerous for
me...
. . . .
.
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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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C* |
26.94 |
27.00 |
Citigroup (C*)
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na |
na |
na |
Citigroup's preferred stock
(we could not determine the
symbol)
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MON |
123.34 |
121.82 |
Monsanto Co. (MON)
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MOS |
101.25 |
97.04 |
Mosaic (MOS)
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AGU |
66.69 |
65.26 |
Agrium (AGU)
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DE |
92.36 |
91.76 |
Deere & Co. (DE)
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BG |
127.21 |
125.63 |
Bunge (BG)
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SYT |
53.62 |
52.14 |
Syngenta AG (SYT)
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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
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
not affiliated with Mr. James
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
make investment decisions and
accuracy, although attempted,
cannot be guaranteed. Please
consult with your own financial
advisor for professional advice. |
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