S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Media

Cramer Wants to Go Back Into An Old Stock

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Cramer on tonight’s MAD MONEY was discussing a stock that was taken off the table after it ran huge.   Cramer thinks that Syneron Medical (ELOS) really has the laser we’re all looking for.  He said he swaped out of it before in favor of Palomar (PMTI), but since it fell from $40 to under $25 it is cheap.  There is a catalyst coming next month that could reverse the stock drop after two bad earnings misses from higher expenses.  ELOS rolls out a dental laser next month that isn’t just cosmetic.  This one does the same thing as drilling teeth and there are 200,000 dentists versus 18,000 dermatologists.

ELOS was up a mysterious 6.8% today to $25.70 on 4-times normal volume.  Did one of Cramer’s cronies doll out a stock tip into people’s Christmas stockings or in place of Hanukkah dradles today?  This stock is up another 4.4% in after-Cramer hours.

Cramer said rumors were out there today that the company would be acquired by Allergan (AGN), so that is his explanation for the run today.  He thinks the buyer could be anyone since the company has only a $700M market cap.  He thinks the worst is over.  He nailed it once and said to take profits, but now he wants you back into ELOS.

Jon C. Ogg
December 20, 2006

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

Cramer Speculates in CV Therapeutics (CVTX)

On tonight’s Mad Money on CNBC, Jim Cramer had his normal ‘Speculation Friday’ and talked CV Therapeutics (CVTX) for a…
Douglas A. McIntyre |

Cramer’s Stock Trades For Busting The Unions (GM, F, AXL, TTM)

On tonight’s MAD MONEY on CNBC, Jim Cramer said he believes that the market is going to go higher and…
Douglas A. McIntyre |

Cramer’s Case for Blockbuster

Cramer also thinks that Blockbuster (BBI) is still a buy even though it is up 39% since his November recommendation. …
Douglas A. McIntyre |

Cramer Is Serious on Sirius Satellite Radio (SIRI)

On CNBC’s MAD MONEY, Jim Cramer hosted Sirius Satellite Radio’s (SIRI) Mel Karmazin. As a reminder, Cramer was positive once…
Douglas A. McIntyre |

Cramer’s SELL BLOCK (FEB 1, 2007)

Cramer tonight had a quick SELL BLOCK feature where he reviewed names he has previously liked and usually suggests taking…
Douglas A. McIntyre |

Cramer Cautionary on Gap and on Tanker Stocks

On today’s STOP TRADING segment on CNBC, Cramer discussed Gap (GPS).  He said that is exciting of a potential deal,…
Douglas A. McIntyre |

Did Cramer Call For an October Fed Rate Cut?

On tonight’s MAD MONEY on CNBC, Jim Cramer said the FOMC meeting today was good after he considers it and…
Douglas A. McIntyre |

MAD MONEY RECAP (MAR 5, 2007)

On tonight’s MAD MONEY on CNBC, Jim Cramer said you can make money in the right sectors because there is…
Douglas A. McIntyre |

Cramer’s Newest Laser Pick

On tonight’s MAD MONEY on CNBC, Jim Cramer said he’s looking at some very speculative names.  His second pick is…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618