Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name

HBAN

4.09

Huntington Bancshares Inc. (HBAN)

Q:         Hello Cramer,
I need some help with understanding what to do next with a recommendation you made on Mad Money! Recently you recommended Huntington Bancshares as a buy. Since then, it has unfortunately moved down about 10% in a market where many banks continue to fail. However, some of the other banks in this sector have had better moves forward in this same time period at this point, how do you think I play this game in the short term? I sure would love some good old Cramerican advice to help me out! And thanks again for everything you do - I and the rest of the smart people in the world appreciate it!
Sincerely, Geoffrey
Lafayette, Colorado

Jim:      Okay... I'm going to tell you. This is how I feel about it... I'm walking down Wall Street, going toward the car, and a guy stops me and says, hey listen... I need a stock. I say, what do you mean, you need a stock? He says, well, I'm from Ohio, and what stock? I said Huntington Bancshares. I told him why, I went through the story... I said that the book value's fine. I said that management's buying back a lot of stock... The group is in a funk right now. It is going to come roaring back. I stick with HBAN, and thank you to that nice person who stopped me on the Street too, because he had nice comments like you did Geoffrey.

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General Question...

Q:         Hey Jim,
Great show. I may sometimes have differing opinions, but I typically defer to the expert - you. I have a question about how to extract what part of a stock's rise in value is due to a bull run, versus what part is due to better future prospects for a company... Do you ever re-think your position and potentially start buying back into a stock that you've already taken profits from? Thanks for all the advice, past, present and future!
Rodney

Jim:      Alright Rodney... Karen Cramer, when she was on the trading desk with me, explained to me a key rule that I have never forgotten... when I said, oh boy, I sold that stock 10 points ago. I can't buy it back. You know what she said to me? Do you think it's going higher? And I said yes. And she said, we're buying 100,000 shares, okay...

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General Question...


Q:         Dear Jim,
I have hated you for the longest time... However, I agree with you 100% on your natural gas stance. Here you are telling and speaking the truth. You are 100% correct pertaining to this very important issue. I know that you couldn't care less, but I forgive you.
Anthony

Jim:      I don't care for you much either, Anthony (laughing)... Anthony, I do care... It's like terrible... you have a show, and you can't read about yourself, because the media hates you... they feel like I'm doing bad, like I've got some sort of agenda that's negative, so it's nice to hear from people who say, I hate you, but you're right about something. It's better than people who say, I hate him... and they haven't even watched me?...