Stock Tickers: BRLC, T, VZ, XOM, BP, VG, BBND; FIRE, ARUN, GLUU, ETEL, CLWR
Cramer has a new SELL BLOCK this evening on MAD MONEY, and many of these are not sells at all. He also reviewed many recent IPO’s where some he says sell and some he still likes.
Cramer said he feels like he got a little played by the CEO of Syntax-Brillian (BRLC) because the CEO said all great things, but right after Cramer brought him on then company announced a $15.5 million capital raise at a huge discount in a private placement. Cramer said he felt gamed and he is upset with the CEO for not disclosing this. Cramer doesn’t trust the CEO now and he said they are taken off the positive crew.
Out of his 4% yield plays in AT&T (T), Cramer says he likes Verizon (VZ) better now, but you dont have to sell all of AT&T. He says you can keep some but if you don’t own either then he likes VZ better right now.
He would rather see you in ExxonMobil (XOM) and out of his BP (BP) call now since everyone wants to own XOM.
Cramer changes his tune on Vonage (VG), well sort of. He said it isvery interesting $3.00 lower than here, which is basically ZERO. VGactually popped a tad on this after-hours, even though it sounded alittle sarcastic. I would expect to hear a clarification from Crameron this tomorrow or next week since VG is such a controversial stock.
Movado (MOV) is up 12% since his call, but he said to wait for apullback. Now you got it and it is lower than his first recommendationsince they warned; stock was down 17% today.
As far as BigBand (BBND), Cramer still likes it.
On SourceFire (FIRE) he said they have run enough and you can sell.
Aruba Networks (ARUN) & GluMobile (GLUU) he still doesn’t like it.
Cramer likes Clearwire (CLWR) down here. He still is sticking withthe "the underwriters sold to the wrong hands" story and thinks it is agood buy in here.
On eTelecare (ETEL) he said he still likes it but you can sell mostof it and just leave the amount on that you have profits in since it isup so much.
Jon C. Ogg can be reached at [email protected]; he does not own securities of the companies he covers.
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