After this
segment, you can
see Jim's Opening
Segment picks
here...
On Wind Energy and Owens Corning (OC)...
JJC: Well let's
just talk about what's in that
windmill... You see those
blades... the best blades - the
ones that aren't breaking - are by
OC... Obviously, OC also has
housing issues (because they make
pink insulation), so if you're
going to decide to buy it for
those blades, remember that
there's some downside risk... They
(the wind turbine blades) run very
hot... and people don't recognize
that... and one of the problems
with the Indian company that's
been building them, is that the
blades crack. The OC composite is
the strongest material we have.
Again, OC is a big company... they
do a fiberglass thing. The essense
of this is... I want people to go
in with their eyes open... We had
the OC CEO on. He said that
insulation is a big part of
keeping energy costs down. He kind
of poo-poo'd the idea that he was
totally a hostage to housing. But
that's the blade... There are a
big bunch of orders coming in
Texas for wind... he's absolutely
right He's riding a wave... And
California's the solar capital,
and I've got a play for solar
too... It's one that's been
crushed because of insider
selling. We actually had a little
insider buying in
First Solar (FSLR).
Obama is solar, okay... There are
absolutely some terrific orders
coming from California for solar
soon. Obviously, if McCain gets
in, solar doesn't mean anything.
Pure nuke... McCain, we've been
saying is
Shaw Group Inc. (SGR)...
but, remmeber, the nuclear cycle
is very, very attenuated. We got a
call last night on Mad Money for
Cameco Corp. (CCJ)...
It's one I've been working on. I
don't feel ready enough to be able
to go out for it. I'm a "don't buy
yet," but that's an obvious
play... Well, frankly, McCain not
the frontrunner right now. I've
been spending more time on Obama
than I have on McCain...
Now, the other thing is is that
Boone Pickens is a big natural gas
buyer... You know, natural gas,
the futures... the shorts are
really pressing the anti-natural
gas bet... We had that nice break
right at the close in the natural
gas futures. The one that just had
the recent piece of great news is
Chesapeake (CHK).
Now Aubrey McClennan (CEO) is on
vacation this week. I hope to
speak with him soon. Aubrey has
been a buyer in every single dip.
I'd like to know if he's buying
right now. This group has been
clocked as if natural gas is going
back to $11... so I mean, at $11,
I think that you would actually
find that the stocks are absurd.
They're already where the futures
are saying. Now, I've got to tell
you... Look, they're selling
everything hot, whether it be
fertilizer... whether it be
steel... whether it natural gas...
with the sense that the worldwide
economies are in a recession. If
they're not, these stocks are
buys. Because, look, Boone is
giving you an alternative energy
play, not a pure carbon play...
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think it is indicated by his
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Please read his comments to
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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
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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.
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
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Jim Cramer's past comments
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