After this
segment, you can
see Jim's Opening
Segment picks
here...
On Today's 300+ point drop in the
Dow...
JJC: It's just a
tough time. You can't have big
buybacks right here, because the
quarter's over and they're not
allowed to big right now. Vacation
coming up... Goldman downgrades
these stocks... You feel like
you've got to blow them out (sell
them)... you don't want to show
anybody you own them... So, the
setup isn't that good... the setup
is bad for another 400-500 points
(decline) maybe, over the course
of the next 10 days...
. . .
. .
On General Motors
(GM)...
Erin: Here's one
crucial thing... He (Rick Wagoner,
CEO) said we have plenty of
funding options... plenty...
JJC: Well, one of the
options might be to cram down the
common stock, or make it so you
cut the dividend... and, suddenly,
you'll playing with money that is
yours as a shareholder. They've
cut the dividend before... To get
rid of the dividend wouldn't mean
so much. These gold stocks going
up so much... that is another
really bad sign. You get rid of
the dividend, and then bury your
common stock with preferred. Look
what
Washington Mutual (WM)
did... they buried the common
stock with a private equity...
Maybe that happens... Cerebrus is
always saying things are great.
Why don't they put up more
money?... They're always saying
things are great. They're even
worse than (Treasury Secretary)
Paulson... (being overly
optimistic)... Paulson... "the
fundamentals are sound..." The
issue again is the common stock...
That's not the right instrument to
be involved in these. I just don't
think... if I were in my hedge
fund business, I would be selling
the common stock and at least
trying to set it up for when the
preferred piece is issued...
Maybe, if I really like GM, buy
that...
. . .
. .
On Research
In Motion (RIMM)...
JJC: My Game
Plan (last Friday, for this week)
was very specific... No matter
what they do, they're going to
slam the stock and you have to buy
it... No matter what they did,
which is quite good, they're
slamming the stock and you have to
buy it... One of the few stories
out there... I really don't
understand how everyone can think,
on a day like today, that RIMM is
going to be up. This is a very bad
day for the market. Let's not
mince words. This is a bad day, no
matter what happened...
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■
Stock Snapshots - Includes
all stocks mentioned above
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Jim
Cramer's
rating on
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STOCK
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price
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day
Opening
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next
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Name/Comments
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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
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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.
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.
