It’s Thursday, so on CNBC’s MAD MONEY tonight Jim Cramer featured his SELL BLOCK where he reviews some past picks and says to Sell or to Stick With It.
Cramer says that some of his recent picks in IPO’s he wants to review Clearwire (CLWR). Selling Fortress (FIG) to switch into Goldman Sachs (GS). He would also Sell Melco PBL Entertainment (MPEL) in Macau as he was wrong and it is down 16% and IPG Photonics (IPGP) and that is down 21% from the first day’s close. Cramer likes trying to get in on the IPO pricing because you have a lower chance of getting hurt.
Cramer does have ones that he likes from the recent IPO pool: Switch & Data (SDXC) is one he likes right now that he would still buy. Aerovironment (AVAV) and Opnext (OPXT) are ones that you can buy on weakness.
Jon C. Ogg
March 8, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.