MAD MONEY RECAP | LIGHTNING ROUND | Tuesday, 08/26/08

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	Tuesday, 08/26/08 Posted 08/26/08, 09:15 pm ET	(Scroll down to see Jim's comments below)



Today's date: Tuesday, 08/26/08

	Dow Jones:	11,412		+ 26
	NASDAQ:		2,361	- 3
	S&P 500:		1,271	+ 4


■	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)

30.62

AT&T (T)

T - How can this stock be as bad as it is?... They're just not that much worse than Verizon (VZ). I welcome anyone from T on this show, because I know they watch. I have to tell you, I think T is a buy here. Now I know they don't have the great growth... I know it wasn't a knockout quarter... I know everybody suddenly loves cable... But I am not going to back away from T, 50 cents from its low, with a good dividend and growth... T is a mistakenly traded stock. It should not be at $30. It should have more adherents, and Cramer's one of them!

CALM

39.24

Cal-Maine Foods Inc. (CALM)

CALM - This is the egg company, and I said last time that, if you're buying CALM, what you're doing is you're playing into a short squeeze. There's a lot of guys who hate CALM. Why? I don't know. It's a good business and there's a lot of insider buying. But I will tell you that I do not recommend stocks on the basis of the fact that there are a lot of guys short... Buy, buy, buy... if you believe in eggs, but not if you believe in a short squeeze. If it's the short squeeze, sell, sell, sell...

4.35

Ford (F)

F - Ford is too dangerous for me to recommend. It's too speculative of a situation. I put it right up there with Washington Mutual (WM), with General Motors (GM), with American International Group (AIG), with Fannie Mae (FNM), Freddie Mac (FRE)... with Lehman Brothers (LEH)... Yeah, they're all the same to me... they're too speculative for this guy. They are the seven deadly stocks and I can't touch them. I sure wish I could. I like F very much, but I cannot recommend the stock. I like the new guys running it, but the stock's too dicey for me.

3.59

Washington Mutual (WM)

See F comments above for:
WM

10.04

General Motors (GM)

See F comments above for:
GM

AIG

19.64

American International Group (AIG)

See F comments above for:
AIG

FNM

5.62

Fannie Mae (FNM)

See F comments above for:
FNM

FRE

3.97

Freddie Mac (FRE)

See F comments above for:
FRE

LEH

14.03

Lehman Brothers (LEH)

See F comments above for:
LEH

129.85

United States Steel Corp. (X)

X - It is roundtrip from when we went to see John Surma (CEO) at Penn State... Letter X is inexpensive but remember what I said at the top of the show... when I was comparing the Home Depot (HD) with the Lowe's (LOW)... No one wants these cyclical stocks anymore, and letter X is as cyclical as they come. I think that, now you have to hold letter X for the whole darn cycle. Literally, this stock is going to be stuck in the mud for a very long time. And, if it rallies to $140-150, you're going to be lucky. That's how much steel is now hated in this country. I think you should buy Freeport-McMoRan (FCX*) if you want a mineral company, because at least it could be taken over. I own it for my charitable trust.

FCX*

88.53

Freeport-McMoRan (FCX*)

See X comments above for:
FCX*

12.47

Lumber Liquidators, Inc. (LL)

LL - No, no... When I was going over my homework for Home Depot (HD) and Lowe's (LOW)... this business... the flooring lumber business... It's the one business that they all said was just in remission. They don't want to touch it. It's not healthy, not healthy is the right word. I don't want to touch LL. I think that one is too dangerous... Don't buy, don't buy... I don't want to be there. I'd rather see you in LOW.

LOW

24.56

Lowe's (LOW)

See LL comments above for:
LOW

[ 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:

jim-cramer-charitable-trust-stocks.com

See the stocks currently known to be in Warren Buffett's portfolio
of stocks at:

warren-buffett-portfolio.com

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...