Jim Cramer on Last night’s MAD MONEY made some new influential calls that moved shares of tech stocks:
He was very positive on InnerWorkings (INWK-NASDAQ). This one is up huge since the IPO and while he was big on the growth he didn’t really go into the details of how the pre-IPO growth and profitability came from acquisitions and mainly from one key acquisition. Here is the Link to what Cramer said on INWK. Regardless of what I said about him not looking back at that, he is the one on TV and he is the one that is able to move stocks that much. After he touted INWK the stock was up almost 5% at $17.60 after Cramer touted it, and its 52-week range is $9.60 to $18.58.
Another big pick of Cramer’s was Verifone (PAY-NYSE). He thinks the stock is cheap and still has a lot of room to grow even after it has gained so much market share. Click HERE to see the larger summary of what Cramer said on Mad Money.
Cramer was also very positive on Adobe (ADBE-NASDAQ). Click here to see what he said about Adobe. Adobe proved to everyone on the street that they had a winner and they are actually a hidden winner in Web 2.0 Ads and Web 2.0 features.
Have a great trading day, and don’t be too shocked when the trading volume starts to dry up tomorrow and Friday. Many funds and traders have had a phenomenal quarter, and now they are able to coast in.
Jon C. Ogg
December 20, 2006
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