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Friday, 03/07/08
Posted 03/09/08, 10:31
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Friday, 03/07/08 |
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Dow Jones: |
11,893 |
-
146 |
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NASDAQ: |
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2,212 |
-
8 |
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S&P 500: |
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1,293 |
- 10 |
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After this
segment, you can
see Jim's Opening
Segment picks
here...
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On
CIENA Corp. (CIEN)...
JJC: Well, I
love Gary (Smith, CEO)...
I've loved him for a long time.
He gave you a great opportunity to
sell the stock... Why
sell the stock? Because
technology is falling... The
spending for technology is
declining rather dramatically this
quarter. I think he's
great. I've had him on my
show when the stock was much, much
lower. He's really terrific
but, in this environment, you
can't have a tech stock have a
really big run. You just
can't. All I'm saying,
exactly, is that you sell it.
You probably buy it back on Monday
or Tuesday, depending upon if you
really love the thing.
But it's like, I like
Nokia (NOK),
but I'm not going to come on here
and tell you that I like NOK...
because I'm trying to preserve
capital. I think this is the
preservation of capital.
CIEN's up. I think that's a
great opportunity to lighten up,
and pick something else that may
be down huge. I think he's
right... the spending could
be okay there but remember, it's
in a sector that no one wants to
be in during the month of March.
. . .
. .
On
Fannie Mae (FNM)
and
Freddie Mac (FRE)...
JJC: Do you want
a rally? Okay... get
the Treasury Secretary, Hank
Paulson, to come on your show...
rather than "the fundamentals are
sound" from President Bush...
rather than all the things I hear
from congress... Just
get him to come on your show, and
to say the following thing...
"Agency paper... treasury paper...
that is
Fannie Mae (FNM)
and
Freddie Mac (FRE)...
the guarantee is more than just
implicit"... If he
said that, we'd have a rally to
last all times, and it would be
the end of this... The Fed
would not have to cut rates and,
if the Fed would be able to go in,
and buy triple-A mortgages, which
I believe they can... the Fed
would not have to cut rates
anymore. Instead, what
they're doing... we're going
to have a major bank failure...
They've said nothing, which is
just making people frightened and
scared... It would take
nothing for Paulson to come out
and say, "You don't need to worry
about
Fannie Mae (FNM)
and
Freddie Mac (FRE),
from the day we created these
organizations until now"...
But no, they say nothing.
They're just really quiet... and
that is just killing people...
. . .
. .
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See all of tonight's stocks'
latest quotes on
Yahoo! Finance |
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Most popular
investing books ordered:
(click any book to see at
Amazon.com) |
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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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CIEN |
27.80 |
26.89 |
CIENA Corp. (CIEN)
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NOK |
33.05 |
33.32 |
Nokia (NOK)
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FNM |
22.77 |
22.07 |
Fannie Mae (FNM)
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FRE |
19.65 |
19.41 |
Freddie Mac (FRE)
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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
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. |
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© 2005-2007 MadMoneyRecap.com ■
Important disclaimer: This site is
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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
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on this site should not be used to
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cannot be guaranteed. Please
consult with your own financial
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