Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

ASH

24.39

Ashland Inc. (ASH)

Jim:   No, no, no… this thing is just… this is the kind of stock that has moved up so far so fast… and I tend not to believe that too far too furious arguments, but this stock has gone up so much… I fear, I fear for you that you will give back that unbelievable gain from two months… no, run don’t walk and sell that stock.

FCX*

50.98

Freeport-McMoRan (FCX*)

Jim:   Yes, it is… because copper was down huge today and I think that is the first of many days… I sold some Freeport for ActionAlertsPlus.com, my charitable trust, I felt that it had gone up too quickly along with copper… we are waiting for a 10% pullback before we get into FCX.

MHP

32.98

The McGraw-Hill Companies, Inc. (MHP)

Jim:   As your coach I am going to tell you to take a pass on that one, I think that that is going into the happy valley when you are like 0 and 10, and it is Pertettos last game… I say ix-nay...  You are not going anywhere with that one… I want to sell that, McGraw-Hill the quarter was bad… it has had a nice bounce back… why don’t we lighten up… I will give you a two-fer, I am going to say that about Moody's Corp. (MCO).

MCO

31.06

Moody's Corp. (MCO)

See MHP comments above for:
MCO

LOW

19.03

Lowe's (LOW)

Jim:   In another time I would have called the downgrader a fascist, if not a Stalinist… I think he is misplaced in his downgrade, I think the stock has maybe two points down, and maybe 5 up… so I say wait till two, pull the trigger… but do not leave the table (i.e., don't sell) LOW.

SLM

5.85

SLM Corp. - Sallie Mae (SLM)

Jim:   I was reading the Washington Post this morning, and it looks like the management agrees with Obama… and I say you have to got to be kidding me, Obama is trying to wipe the company out… what kind of agreement is that… I do not think that there is a lot of downside but there is not upside… sell, sell, sell… I just can’t see it… I tell you I would rather be in a slow moving CD (i.e., bank certificate of deposit), I think a CD has more upside than SLM… I mean it is that bad.

BAS

11.67

Basic Energy Services, Inc. (BAS)

Jim:   I got Schlumberger (SLB) coming down, I got Transocean Inc. (RIG) coming down… I am not going to have to resort to basic… you need to step up in quality… you know why the OIH is going down this week, it is expiration week… I think the OIH was at $99, I think it goes down to $90... I think the Anadarko Petroleum (APC) deal is going to force these stocks down, you are going to get a chance to buy Schlumberger in the $40’s, that is what you are going to do… you pull the trigger then, and not until then.

SLB

54.77

Schlumberger (SLB)

See BAS comments above for:
SLB

Price target to buy SLB:  In the $40.00 - $49.99 range (i.e., "in the $40s")

See all of this week's Lightning Round picks
in one place at:
www.madmoneylightninground.com

[verbatim recap]

[ End of the Lightning Round segment ]