Today, Cramer came on CNBC for the STOP TRADING segment and was briefly positive on Olin (OLN-NYSE) as a cheap chemical company and positive on Churchill Downs (CHDN-NASDAQ) ahead of the Kentuckt Derby.
Cramer’s main issue though is on CROCS (CROX-NASDAQ). He is still sticking with a bullish call on CROCS as one that is now not a fad, and he thinks it is going higher. He did not go as far as a $95.00 target that was given today but he is now saying "not a fad." That is markedly different than what he noted in February when he said you could still make money before the fad peaks and it tumbles. He noted somewhat jokingly that Liz Claiborne (LIZ-NYSE) ought to go buy that company to re-energize its sagging brand. So that may be a key change in his longer-term views and sounds like he’s going to be behind this one for longer than just "a trade" for his future shows and appearances.
Jon C. Ogg
May 4, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in any of the companies he covers.
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