Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

BBEP

12.00

Breitburn Energy Partners LP (BBEP)

Jim:   I'm concerned about this company.  This is not the kind of partnership that I like.  This is not a Kerr-McGee (KMG) partnership.  This is a partnership that actually drills and looks for natural gas.  Therefore, I think that that yield could be in jeopardy.  So it's not my kind of name.  It's not a Kerr-McGee (KMG), it's not a Boardwalk (BWP).  I'd rather be in those.

 

KMG

70.47

Kerr-McGee (KMG)

See BBEP comments above for:
KMG

 

BWP

25.48

Boardwalk Pipeline Partners, LP (BWP)

See BBEP comments above for:
BWP

SPW

38.17

SPX Corporation (SPW)

Jim:   First of all, I was on that conference call...  Look, this is a great American company...  and it's got this testing division that's been soft, and...   I'm going to urge you to hold onto SPW.  When I made my call... the market was much higher, September 19th, when I said to take off 20%... and then when I reiterated that I think the market was bad for any short-term considerations...  What I was most concerned about were situations like SPW, where it may take forever for you to get back to even.  However, here's what I would tell you to do...  I think that, as we get closer into the recession, I am going to tell you to pull the trigger and buy more.  And, until then, I don't want you to do a thing.  Just hold onto it.

 

DAL

11.52

Delta Air Lines Inc. (DAL)

Jim:   Okay...  I never recommend airlines on this show.  Everyone knows that I'm bearish on the group.  I do like the combination for a short-term trade.  I have to admit...  buy, buy, buy... I am actually blessing a short-term trade for the Delta-Northwest, but just for a trade... and I disavow any knowledge of that six days from now...  Six days from now it's done... and what we will do is, we will check on it Tuesday of next week, and I will verify that it's done. 

GLW

11.16

Corning Inc. (GLW)

Jim:   I cannot have you sell this stock down here.  I have to tell you... this is a company I owned for ActionAlertsPlus.com.  I had an unbelievable, unbelievable trade in it, from $20 to $26...  I want to go back into so badly.  How can I tell you... this is where I send out...  it's a newsletter that I buy (stocks), I put my money for charity into it...  How can I tell you to sell it, when I am anxious to try to find a place for GLW.  That said, now understand...   Circuit City (CC) came out today, and they're closing a lot (155) of stores... because they can't sell a lot of big-screen TVs.  Corning is a big-screen TV play.  Corning has said that there's excess inventory.  I am not going to give up on Corning, not down here.  I don't want you to sell it.  Don't buy, don't buy...  But, I can't have you pull the trigger, because I am too worried about this quarter... 

 

[ End of the Lightning Round segment ]