After this
segment, you can
see Jim's Opening
Segment picks
here...
On
Circuit City Stores Inc.
(CC)...
JJC: I want
people to sell the stock. I don't
think there is anything in there.
It isn't going for $6. I think
that this is a company that is
very close to being on life
support...Blockbuster Inc.
(BBI),
which was a great turnaround
story, wrecked itself by being
involved with this and there's
really nothing here. I know a lot
of sophisticated people who are
just saying that "you've got to be
kidding me, you take a BBI, which
was finally doing things right,
you mix it up with this...Circuit
City is no raise on debt for
Circuit City. I can't believe how
lucky people are to get out at $5.
. . .
. .
On
Citigroup (C)...
JJC: Who cares?
It's so bad...If they could fire
200,000 people I still wouldn't be
interested. This is like they're
an airplane: we can fly without
one engine, the second engine's
down, the third engine, we're
still doing well...there's nothing
here. They're going to dilute the
heck out of it. I don't know which
I believe in less, (CEO, Vikram)
Pandit? and Citigroup's turn or
Martin Sullivan...American International Group
(AIG),
I don't believe anything that
company says... nothing that
company says. Citigroup is going
to fire and fire and fire to issue
more shares in fire...What kind of
business is that? What were those
people doing? Performance does
matter. Was Citi on the right side
of any trade? What was the right
side of the trade that they were
on. Why do I have to be with Citi
when I could be with
JPMorgan (JPM)
which has done nothing but is
really good? Better to be lucky
than good, last line of my book by
the way. I like situations when I
wake up I don't see more issuants
of securities. I feel the same way
about Thain?, he would've stopped
being in the issuants business.
Have you noticed that
Goldman Sachs (GS*)
hasn't issued a lot of
stock?...That they've bought
stock. That is because they're
better at what they do. I think it
matters, that performance matters.
There is a proficiency. Some
players are better than others,
some teams are better than others,
but direction matters and
performance matters. Citigroup has
been on the wrong side of almost
every trade I've seen...At a
certain point you say that you
want to do the opposite of
whatever they are doing. Get me
some roto rooter...these guys are
just, I don't know...at a certain
point you just say "enough". I've
got JP Morgan out there doing a
really great job and I can get
that for $45, $46. You haven't
even touched on AIG yet, which is
a total travesty. My hat's off to
Hank Greenberg. As AIG bought back
millions of shares in the '60s, he
was smart to sell, he's my guy. I
am completely in the Greenberg
camp. That guy was a genius. Ed
Sullivan doesn't know anything. Ed
Sullivan is a really big stock.
AIG and Citigroup should
merge...Why don't they merge?
Merge or die...I think I would do
a better job than any one of those
guys.
Most popular
investing books ordered:
(click any book to see at
Amazon.com)
We need your help!
If you find our service valuable, your
donation is critically helpful to support
our operating costs and is
MUCH appreciated!
(click below to donate)
We are serving thousands
of
new visitors every day and our costs are
growing as well. Thank you for your
support & generosity!
■
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)
Go to the next segment 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.
