We did end up having a live MAD MONEY on Friday night, even though Cramer did not have a STOP TRADING segment nor a Wall Street Confidential video on Friday. Usually that means he’s out. Unfortunately they try to maintain ratings so they do not any longer tell you he is out nor do they tell you if it is going to be a re-run. Here is the synopsis of Cramer’s picks from the entire week.
On Friday night’s MAD MONEY on CNBC, Jim Cramer gave two speculative names. He called for Biosite (BSTE) to be acquired in the small cap diagnostic names and said it would do well under a democratic regime. His second speculative name he now likes (close to a 4-year high) is actually Sun Microsystems (SUNW), which he has been out negative against for literally the entire time that Mad Money has existed (2 years) and I do not believe he has been positive on them once the entire two years. Here is what he said on SUNW.
This week Cramer came out attacking IBM (IBM) saying that Palmisano has to leave as CEO before it was a buy because of underperformance.
He also came out and surprisingly called Paul Allen’s Charter Communications (CHTR) a Buy after he has been so negative on it. Here was his reasoning on it.
Cramer also noted Energy Metals (EMU-NYSE) as a good speculative buy in the uranium arena.
One very surprising call was that Cramer lightened his SELL SEMI’s & TECH stance, and you could even imagine that he was telling you to buy the semi’s after they have already risen. This was after Analog Devices (ADI) beat earnings and rallied so much.
After the XM/SIRI merger, Cramer came out with what was a highanti-competitive list of mergers that he thinks could or shouldhappen. Trust me that if you are on Main Street you don’t want hispredictions to come true. The first half of the list is here and the second half of the "list of ten" was actually quite a bit more names. It seemed dangerous and leading the way in which he was calling for these, so you can take that for whatever it is worth.
He was very positive on the XM (XMSR) and Sirius (SIRI) merger and here is what he said there.
Jon C. Ogg
February 24, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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