After this
segment, you can
see Jim's Opening
Segment picks
here...
On
The XM Satellite Radio (XMSR)
& Sirius Satellite Radio
Inc. (SIRI)
Merger...
JJC: One year
and 156 days of course, much
longer than it took to combine
Exxon with Mobil, I mean it is
crazy... Now, I will tell you
this... I thought that the
additional things they had to do
weren't that bad... They did miss
the 2008-2009 automobile season
and the bill for cars so much
lower... This is going to be a
powerhouse... Be careful, they
have to refinance, the common
stock is going to be diluted, but
I think as a spec, why the heck
not?... I have to tell you that I
think your information, and I hate
to contradict you because you're
wonderful and fabulous, but the
anecdotal that you just gave is
different than the empirical
evidence we just heard from XM,
where the churn has gone down
dramatically as a percentage
basis... I'm stuck with the
facts... I always hate to let the
facts get in the way of a good
story but the facts do indicate
that people like the product...
Here's an anecdote for you: I have
Sirius in one car and XM in the
other because I like major league
baseball and football, but I would
not take it from me that that's
what most people have... I'm a
Phillies fan too...
. . .
. .
On
Natural Gas...
JJC: Oh, okay
look... Natural gas... Let me tell
you...
Exxon Mobil (XOM)
when it traded at $80 last, oil
was at $70... So, I mean, you're
now starting to discount literally
the end of the world and the only
people that are taking natural gas
are the people that are actually
inhaling it from the pipe...
XTO Energy Inc. (XTO*)
does a deal tonight... I think
they're going to price it in the
hole... The stock has now fallen
almost 40 points... Um, I don't
know, I mean I should be right,
it's probably fallen about 35
points... I think that even for a
trade I would participate in the
darn thing without barricading
it's reflecting natural gas at $8
bucks plain... I like XTO and XM
Sirius... I'm willing to speculate
with Sirius, but everyone has to
recognize there is massive
dilution... And your friends are
wrong... What do they listen
to?... Z100?... Your friends are
wrong, people like the product...
. . .
. .
On
Hudson City Bancorp (HCBK)...
JJC: You know, I
hate to be negative as many other
people are about the banks, ever
since I came out with my four
fortress banks I really believe in
it... New Jersey does not have a
lot of bad loans, okay?... Because
I have been desperate to try and
find property that is in default
in Jersey, which is really his
home area... There isn't any...
Remember, the areas he's located
in are really well off and they
just don't have a lot of bad
loans... You know, he does
something that's really rather
shocking, and I know anyone who's
ever dealt with him has to put up
with this fact, he makes you put
down a lot of money... It's so
hard to walk away from 39% down...
You know with
American Express (AXP)
you put anything down... And with
both of these other banks you
don't have to put anything down...
The reason why his bank is
successful is because he's a good
lender, and everyone else forgot
how to do that... He's a humble
guy, but he actually makes you put
money down, which is really in the
end what a bank should do.
. . .
. .
On
The Super Prime Slime...
JJC: First of
all, let me just say that as an
official gold star member, I am
absolutely appalled... No,
Costco (COST)
has got hurt by a classic case
that they tried to keep prices
down for the consumer, unlike
remember SUPERVALU Inc. (SVU)
yesterday in your show... Talked
about it, they can't maintain
price... All the suppliers to COST
were demanding more prices,
demanding pricing, so COST tried
to keep prices the same to the
customer, but ended up being
really hurt by the supplier... I
think COST down here is a buy and
we need to see a lot of
downgrades... We also have a
gasoline problem... This is
America's greatest retailer and it
is very rarely put on sale...
Let's think a little bit long term
and begin to buy COST.
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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
comments to decide for
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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
here >>
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upcoming site that provides
resources and links to help
you do that homework that
Jim Cramer recommends after
hearing his suggestions...
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summary of recommendations
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TV show crew, that will
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to compare their picks to
Jim Cramer's past comments
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