MAD MONEY RECAP | LIGHTNING ROUND | Wednesday, 07/30/08

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	Wednesday, 07/30/08 Posted 07/31/08, 05:07 am ET	(Scroll down to see Jim's comments below)



Today's date: Wednesday, 07/30/08

	Dow Jones:	11,583		+ 186
	NASDAQ:		2,329	+ 10
	S&P 500:		1,284	+ 21


■	Stock Snapshots - Includes all stocks from callers' questions	■

After this segment, you can see Jim's Closing Segment picks here...

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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)

16.13

ION Geophysical Corporation (IO)

IO - Look, that's seismic exploration stock... and you know what?... I am going to defer to my friend-buddy-pal at Core Laboratories NV (CLB) that we had on yesterday, who is a huge fan... Don't mess with the IO, I want you in CLB, up $5... definitely going to its 52-week high.

CLB

131.04

Core Laboratories NV (CLB)

See IO comments above for:
CLB

4.84

Ford (F)

F is too hard, my friend... I love that guy, that manager, Mullaley... he's always welcome on the show, of course he'll never come... None of these guys ever want to come on the show... why is that?... Actually, some of them do... but not the ones that I say whose stocks are sell, sell, sell... The problem with F is this... it's just like I said with Sirius Satellite Radio Inc. (SIRI), you've got to get serious... I mean like the product, not the stock... The stock may not be the best way to play it... There are a lot of F, there is Ford debt that is better than F common... I don't go into the debt other than the case I went into with Sirius, because people wanted to know how to play Sirius so bad... I can not recommend F common on this show... It's too speculative.

DHT

9.56

DHT Maritime, Inc. (DHT)

DHT - Oh, it can run, but it can't hide... That's the old double holed tankers... Listen, we like two, only two tankers on this show... We like Natty-dread, that's like Nordic American Tanker (NAT)... and we like Cramer-fave, Frontline Ltd. (FRO), which we reiterate endlessly and have been spot on... Don't mess with DHT... It's Frontline or it's Natty-Dread.

NAT

39.99

Nordic American Tanker (NAT)

See DHT comments above for:
NAT

FRO

64.79

Frontline Ltd. (FRO)

See DHT comments above for:
FRO

34.34

Verizon (VZ)

VZ - I agree with you... listen, as I was telling the FiOS guy who was trying to get me to buy FiOS on Saturday, you know, I can't, I'm moving... Here's the deal... Ivan Seidenberg (CEO) has done a remarkable job... He has really, I think, rolled out the single-best wireless business... he's managing the erosion of the wireline business... but you know what?... The analysts love Comcast (CMCSA)... Now, Comcast just did have a good quarter... and other than the basic subtraction, the ads, particularly on phones, were very good... and I'm not a knocker of Comcast... but I think worlds don't need to collide... I think VZ is fine... I like that dividend... I like Ivan... I think he's one of the great American executives... and I am not worried about FiOS... It just started rolling out in New York... FiOS has not hit a wall... I think that's a mischaracterization... and, by the way, I like AT&T (T), too, even though they once yelled at me, and felt really bad, and went crying to my mother...

30.91

AT&T (T)

See VZ comments above for:
T

CELG

74.12

Celgene Corporation (CELG)

CELG - I never lost faith in CELG, unlike so many others when it came to the October to December stretch last year when it dropped 30 points... I had total faith in Bob Hugin, the COO, who came with us to the University of Virginia show, which is one of the great times you've ever had... CELG has now had a miraculous ramp from the $60's to $74... It's been a permanent denizen to the new-high list lately... We want to own biotech into any slowdown... We have that slowdown... CELG has got Revalin... it's got many more drugs in the pipe... It's got great visibility as far as the eye can see to 2012... I don't want you to sell any of CELG...

RRGB

25.73

Red Robin Gourmet Burgers (RRGB)

RRGB - Red Robin, Red Robin... Red Rover, Red Rover... I'll tell you something... why don't you let Darden Restaurants (DRI) come over?... I am not a fan... I am not a fan of RRGB... I've got to tell you... We had the Panera Bread Co. (PNRA)'s guy on... He's offering a better, I think he's offering good food at a good price... and he beat the numbers... So let's play PNRA... Hey, by the way, my Bennigan's went out of business... Now, I've got to continue to go back to my favorite Olive Garden, which is jam old, and Friday's, which my kids like a whole lot.

PNRA

49.16

Panera Bread Co. (PNRA)

See RRGB comments above for:
PNRA

15.77

Eastman Kodak (EK)

EK - No, no... EK is a serial disappointer... while they do have that unbelievable buyback, I am distinctly in a don't buy camp... You know what, I really want to buy them, but I got to tell you... and I know that they do great digital imaging... I know that they have really taken off with Hewlett-Packard (HPQ) with the printers... Here's deal, I'm not done... EK, I am not buying up because the competition is too hard.

34.84

Alcoa, Inc. (AA)

AA - Look, there's a buyer, there is a guy who is coming in and buying the heck out of it... He's going to shake things up... The stock has done nothing in like a multitude of years... and that's very simiatude, it's done something, but not big... And, natural gas is one of its biggest costs... you know natural gas plummeted from $13 to $9, touched at $8 several times... I see raw costs going down... I see the Chinese no longer exporting like they used to... I see a cheap stock in the Dow... I see a stock that I want to own and that stock is AA.

[ end of lightning round ]

After this segment, you can see Jim's Closing Segment picks here...

Go to the CLOSING 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: