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Monday, 07/07/08
Posted 07/08/08, 07:00
am ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Monday, 07/07/08 |
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Dow Jones: |
11,231 |
- 56 |
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NASDAQ: |
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2,243 |
- 2 |
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S&P 500: |
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1,252 |
- 10 |
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Opening Segment 2
Title: |
'CEO Interview' with
Larry Lee, CEO |
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. . . .
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Featured Stock(s): |
RAM Energy Resources, Inc.
(RAME)
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After this segment, you
can see Jim's
Sudden:Death picks
here... |
Jim's comments BEFORE
the interview:
You go back, before the
holiday, last Wednesday, I
said that the natural gas
patch had gotten a little
too overheated...
That's what I urged you to
recognize... that the
natural gas stocks had
moved too far too fast...
and I said that those who
could hold on would be
fine... but I was
concerned that the whole
group would get crushed...
and it happened the next
day, Thursday... and it
happened again today.
The mutilation that
continued today was
positively brutal.
It was impossible to
watch, unless you really
steeled yourself... then I
think you recognized that
it was just too darn hard.
Now, I'm afraid that a lot
of people sold, which is
why I tried to get you to
sell them on Thursday...
I picked at some for
my charitable trust, but I had
sold some... so I feel
like I was okay. I
hope that you did the
same.
Now, these natural gas
stocks have been on such a
tear, in keeping with the
miraculous run in natural
gas... which is up an
astounding 65% year to
date... I had to
express some caution,
simply because everything
is up so much.
Remember, grains are
coming down, oil down a
little bit...
So, the question is, were
we too cautious on
Wednesday, and you should
be getting back in with
both feet, or is our
caution warranted?...
Are the natural gas stocks
superheated, or over
heated or... perfect?...
I've been saying, since
last year, that 2008 would
be the year of natural
gas... cleaner burning
than coal... obviously not
perfect... it does have
Co2 emissions. But I
still believe this
commodity has a lot higher
to go, particularly if oil
stays above $100.
But I think we should talk
to an expert.
Tonight, I'm bringing on
Larry Lee, the founder,
chairman and CEO of
RAM Energy Resources
(RAME).
That was one of the oil
and natural gas
wildcatters that I
featured on the show a
couple of weeks ago, with
exposure to the Barnett
and Devonian shales.
The stock's flat since I
recommended it, but it's
up 15% year to date, and
6.8% year over year.
The company plans to drill
very aggressively.
It's about 40% exposed to
natural gas.
These are the guys who are
drilling new wells and
exploring, finding new
sources of oil and gas...
so who better to help us
figure out if we're too
bullish or too cautious on
the group?... So
let's talk to Mr. Lee...
Mr. Lee, welcome to Mad
Money...
Jim's comments AFTER
the interview:
Let's put this in context,
okay... He's saying
that obviously there's a
lot of speculative
activity, but he is making
a long-term bet that it is
the energy of our future.
It's so-called "bridge
energy" until we come up
with better... to solar,
to wind, to a lot of other
energies that are cleaner.
I think the stocks did get
ahead of themselves.
I think the pullback is
where you should begin to
buy. I do not agree
with the C-section lead
story of The Wall Street
Journal that energy is now
going to roll over big...
But I warn you to be
cautious again...
We're not where I was
hoping to be, when I said
on Wednesday that we're
going to go lower... but
we're closing in on it.
Is it time to
pull the trigger? If I had one
that was just a .22
caliber, instead of the
unbelievable .44 magnum,
that's what I'd start to
be pulling, okay...
. . . .
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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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RAME |
5.78 |
5.80 |
RAM Energy Resources, Inc.
(RAME)
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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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Final Segment
2 Title: |
'Mad Mail'... |
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. . . .
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Featured
Stock(s): |
See comments below... |
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After this segment, you
can see Jim's
Sudden:Death picks
here... |
. . . .
.
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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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SQM |
39.23 |
38.48 |
Mad Mail
Sociedad Quimica Y Minera de Chile
(SQM)
Q:
On the 4th of
July, my town
puts on a
20-minute
fireworks
display.
This year, only
about 30% of the
display was
visible.
They were
obviously using
smaller charges.
While I was
reading SQM's
annual report, I
noticed it
produces
potassium
nitrate, which
is a fertilizer,
as well as one
of the three
ingredients used
to make
gunpowder.
So high
fertilizer
prices have
affected our
fireworks
displays... who
woulda thunk it?
JJC:
I want to
reiterate a
couple of
things.. One,
the fertilizer
stocks are
obviously in
freefall right
now... as are
the mineral
stocks.
They're all
coming down,
because of fears
of a worldwide
recession.
Some of them are
well ahead of
the others in
terms of a
bottoming
process. I
think SQM will
be the first
bottom, and we
saw that
happening today.
SQM... maybe
they're cutting
back on the
fireworks...
maybe less
fertilizer is
going to be
used. I
don't think so.
But SQM is
right, after
that ridiculous
selloff.
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[
end of final segment ]
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Go to the SUDDEN:DEATH
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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