This wasn’t just a short week for the markets. It was a shortened week of Cramer as well. As usual, Cramer had some controversial calls. Some of these calls were a bit off base and probably a bit too leading and preemtive.
Since he didn’t have a STOP TRADING segment and since he didn’t do a Wall Street Confidential video on TheStreet.com website it is assumable that his MAD MONEY program tonight won’t be a live show with current picks. Anyway, here are his comments and picks for the week:
Last night he 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 high anti-competitive list of mergers that he thinks could or should happen. Trust me that if you are on Main Street you don’t want his predictions 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.
He was very positive on the XM (XMSR) and Sirius (SIRI) merger and here is what he said there.
Jon C. Ogg
February 23, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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