Joyless buying done in last hour – some of the worst marking up I have ever seen because of the bad tape

Major US oil companies are still a buy if oil falls to $45 – 50 a barrel

Every time the oil stocks are down, particularly on the fifth day – you are going to hear me tell you to buy

Disclaimer: I AM NOT JIM CRAMER. This blog has no affiliation with Jim Cramer, CNBC, or Mad Money. I've read his books, but I am not him. This is my interpretation of Cramer’s comments, the show goes by quickly so I try and catch as many key words as possible for each pick. ACCURACY IS NOT GUARANTEED but is however strived for.

Only growth matters

Morgan Stanley – MWD – If you are a board member of Morgan Stanley, you know that that gain (today and after hours) will be taken away if you vote to retain Purcell. Pressure is on these guys but I think they knock the stock down

INSP – InfoSpace – I got it wrong because I chased

DD - DU PONT E I DE NE - Sell because of end of the corner markup - take advantage of the unnatural lift that the end of the month markup provided - Ring the register
DE - DEERE CO - Sell because of end of the corner markup - take advantage of the unnatural lift that the end of the month markup provided - Ring the register
YELL - YELLOW ROADWAY - Sell because of end of the corner markup - take advantage of the unnatural lift that the end of the month markup provided - Ring the register
PCAR - PACCAR INC - Sell because of end of the corner markup - take advantage of the unnatural lift that the end of the month markup provided - Ring the register
JCI - JOHNSON CONTROLS - Sell because of end of the corner markup - take advantage of the unnatural lift that the end of the month markup provided - Ring the register
MMM - 3M COMPANY - Sell because of end of the corner markup - take advantage of the unnatural lift that the end of the month markup provided - Ring the register
DOW - DOW CHEMICAL - Sell because of end of the corner markup - take advantage of the unnatural lift that the end of the month markup provided - Ring the register
WY - WEYERHAEUSER CO - Sell because of end of the corner markup - take advantage of the unnatural lift that the end of the month markup provided - Ring the register
COP - CONOCOPHILLIPS - Take a look at it - it was up a couple today
MWD - MORGAN STANLEY - $10 down and $15 up if this board fails to act - if the board keeps Purcell the stock will go down $10. If they boot Purcell they'll see $15 to the upside
CCU - CLEAR CHANNEL COM - BEAR - Has no growth whatsoever and the earnings were awful
SIRI - SIRIUS SATELLITE - BULL - At $4 it’s a fabulous call option on Mel Karmazin getting it together in 2008
SBUX - STARBUCKS CP - Intends for China to be its biggest market - Chinese steal software (MSFT) but when it comes to coffee they pay. The reason why Starbucks is done going down is China. If I wanted to play China from the start right here I'd buy SBUX or Proctor and Gamble (PG). Starbucks is not a monopoly, its a brand. It's hard to find that brand in China.
PG - PROCTER GAMBLE - If I wanted a pure play for China right now this is what I'd buy

Lightning Round:

GDW - GOLDEN WEST FIN C - Fed's gonna blink this week and that financial is gonna sore - that's right for me BULL
PD - PHELPS DODGE - Not in the cycle for PD - sell it on Monday
LVLT - LEVEL 3 COMM INC - SELL SELL SELL
SEPR - SEPRACOR INC - BULL - like the co. and biotech here in the cycle
CHIR - CHIRON CP - BULL - Pro biotech at this point the cycle
KR - KROGER CO - PIG - get in Whole Foods - WFMI best of breed
PNRA - PANERA BREAD A - So right - BULL - be careful it is expensive - below $50 please
GTW - GATEWAY INC - DIVE DIVE DIVE - nothing to like about Gateway, I've hated that stock for four years
DOX - AMDOCS LTD ORD - Too dangerous, ring the register
NWL - NEWELL RUBBERMAID - BEAR - good quarter, still don't like the stock
NT - NORTEL NTWKS CP H - SELL SELL SELL - this stock should not be owned by sane people
BNN - BRASCAN CP - BULL - like it because the Canadian business cycle is doing better than the American cycle
BLS - BELLSOUTH CP - these stocks are in their own private bear market, I don't want you invited - BEAR
CY - CYPRESS SEMICONDU - Bear - I don't want you in that stock
MMR - MCMORAN EXPLOR CO - BULL - gulf of Mexico exploration - that's for me
CCJ - CAMECO CP - Uranium - nobody wants nuclear power plants - sell that stock because uranium is not coming back
APC - ANADARKO PETROLEU - BULL - day one was today - three more days to shine my friend - stock in long term bull mode
LU - LUCENT TECH INC - BULL - think Patricia Russo is in the drivers seat - not giving up - bought the stock this week
PYX - PLAYTEX PRODUCTS - No.
DE - DEERE CO - Ring the register - sell it on Monday - BEAR
RSH - RADIOSHACK CORP - DIVE DIVE DIVE - Quadruple sell - hate the sector - up against Best Buy
SUNW - SUN MICROSYS INC - How egregious was it that someone got to Business Week and said there was going to be a takeout by Silver Lake? There isn't gonna be a takeout - A QUINTUPLE SELL
VZ - VERIZON COMMUN - BEAR - no, SBC, Bell South, Nextel Communications - sell these stocks please
TSO - TESORO CORP - BULL - not enough refiners this ones next to go (get bought out)
VLO - VALERO ENERGY CP - like it here at these levels
CQB - CHIQUITA BRANDS N - Too many bananas - BEAR - sell it here - go buy some K
RAS - RAIT INVESTMENT T - Really good REIT - prefer NLY but not bad, not against it
BA - BOEING CO - BULL - stock is doing so well it doesn't even need a CEO
PEG - PUB ENTRPR GP - BULL - stock is going higher, I like it very much
NBP - NORTHERN BRDR PT - BULL - do like that company
HUN - HUNTSMAN CORPORAT - Sell - think the chemical cycle is done for now
BK - BANK OF N Y CO - Get PNC instead - SELL BK
USB - US BANCORP - Like it - BUY - BULL
SSL - SASOL LTD ADR - Ring the register - gonna start being selective on alternative energy stocks
SGR - SHAW GROUP INC - BULL - the way to play the Iraq restructuring - I wanna buy Shaw
CYH - COMMUNITY HEALTH - BULL - at 52 week high - wait for a 33 pullback before I buy that sucker
EK - EASTMAN KODAK CO - BEAR - I am so sick of those guys - NO NO - you guys (Eastman Kodak) have no credibility whatsoever.
RSAS - RSA SECURITY INC - BEAR - would never own the stock, great product
CHE - CHEMED CORP - BULL - 52 week high steady growth is for me
TIBX - TIBCO SOFTWARE IN - Got me stumped - don't know what happened in Europe that they missed the quarter so badly
PPT - PUTNAM PREMIER IN - That companies okay with me - Oil's gonna stay in the 40's or 50's.
CMC - COMMERCIAL METALS - Too cyclical - use the Monday opening to sell that stock
GOOG - GOOGLE - Sell Yahoo and buy google? YES. Stock just went up 20 points and is resting before its next move.
GERN - GERON CORP - No. Too speculative for me. Don't like stem cell either
GLW - CORNING INC - No. CFO on yesterday.

AX - ARCHIPELAGO HLDGS - I don't think the merger can be stopped
ZRAN - ZORAN CP - Think the company may be out of the woods. Ring the register. Bottom line - want to see another good quarter before buying
MCHP - MICROCHIP TECH - BULL - If you have to own only one semiconductor company, and you were trading oriented - this is the one to own I think
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