On tonight’s MAD MONEY, Cramer continued his theme that the market is heading higher. He said this was another bear lashing day. Cramer said there is some enthusiasm that can be attacked.
He wants to play it heartless, but he wants to discuss J.Crew (JCG) after it spiked from the $43 level. It closed down under $40 today and now he wants to pull teh trigger and be a buyer for 1/4 to 1/2 of a position and it could trade lower as the lock-up coming on DEC 27 will expire. He said if it sells off into the lock-up then you can buy the rest, and that is why you can wait. This is a company that beat estimates in its first quarter and it should continue to outperform. Cramer also likes Mickey Drexler, the one running it. Cramer said it is priced aggressively, so you have to wait for pullbacks, but the estimates are too low from Wall Street analysts.
Jon C. Ogg
December 14, 2006
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