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i'm jim cramer and welcome to my world. >> you need to get in the game. >> going out of business and he's nuts! they're nuts! they know nothing! they no nothing! >> i always like to say there's a bull market somewhere. "mad money," you can't afford to miss it. hey, i'm cramer, welcome to "mad money," welcome to cramerica, other people want to make friends, i'm just trying to make you money. my job is not just to educate you but to entertain you. so call me at 1-800-743-cnbc. why on this oh so slightly positive day overall with the dow up 15 points and the nasdaq breaking a little better than even did some high-profile companies that reported this

morning go down or do nothing? when last week they would have rallied huge on the exact same results. because this is what we call a -- >> sell, sell, sell -- >> sell the news day. what does that mean? think of it like this, over the week the market's attitude towards earnings seems to have done a total 180-degree turn. last week whenever a company reported a so-so quarter, one that nearly didn't stink up the joint, the stock bolted upwards. >> all aboard. >> we saw caterpillar, ford, 3-m, all higher, not because they were doing well, but not as bad as we expected. it was as if someone sent out a memo that said buy these stocks, even though the earnings estimates were already slashed severely ahead of time. we are now pretending to be wowed and now we want to own them. today on the other hand, it was like a different memo went out. saying the exact opposite

message. honeywell, verizon, and corning all did pretty much exactly what caterpillar, eaton, ford, and 3m did. i would argue that they did better than any of the stocks last week. the big screen tvs, when i saw the quarters reported right at 7, i expected corning to be up at least $1, it was that good. instead it went down 50 cents, verizon, i saw cash flow galore, good growth in fios, i like very much the wireless, i've got to tell you, nobody cared. stock got hit as if it had disappointed everyone. and it was a bomb. >> sell, sell, sell -- >> honeywell was the biggest name of all, it delivered on every single metric.

it's an unmitigated disaster. and its automotive materials and climate control materials stood out as better than expected. what happened? it had a muted rally. if this company reported last week, it would be up 3 maybe 4. we have gone from a market where stocks go up gigantically on so-so earnings to a market where they do nothing or get hammered when the same kinds of numbers we had last week. what's it mean when you get this kind of switch? what's it tell you about what's to come? it says we've gone about as far as we can with this move. it says we're about to take a breather. when the same news that worked last week doesn't work this week, you know the market's about to take a break. it's about to rest. in short, it needs to go down. it's what we call overbought. when stocks have gone up too far too fast. and you know what? this is the most over bought market i've seen in ages. even the one after the november

selloff, the one after the charge selloff? what happens in an overbought market? what should you expect? you either get a steep, vicious, selloff. maybe one of those five to seven varieties that scare everybody. one where you're just getting punched, shot at, one that gives you whiplash, or you get a smaller, slower drop, a gentle one. i think we're in for a 3% to 5% decline, not the quick, brutal correction wall street's need for a big painful move down. a one that my colleague, by the way, by writing in the market movers news letter says he's where on the verge of just a huge one, one of those that will scare you and then we'll start going back up. i'm not as nervous about a big shakeout. i don't think it's going to happen. i think we will see a decline that will shake out the people who bought last week or today, but not the people who have been smart enough to be buying since we bottomed in march.

what makes me so confident that the selloff will be gentle and smooth, the move up may be over, the market may be ready to pull back, but the fundamentals of the money management business haven't changed, uh-huh, see on friday which none of you were watching and it's friday and it's summer, i told you we failed to get hammered because so many hedge funds and mutual funds managers are scared of not owning enough stock. they will use any weakness to get in, to buy. and that dynamic is there more than ever. we've got too many money managers who are afraid the market will leave them behind. these are the money managers who are hearing this -- all aboard, not this. which means as the market goes down, there'll be buyers underneath. and they won't disappear like that used to whenever we had a big bad selloff. >> the house of pain. >> sell, sell, sell. >> so what should you be doing then? where should you go as the market takes a breather?

i think the least vulnerable groups are the banks. precisely because they haven't done much lately and the most negative chatter after they reported. that makes it easy for them to not disappoint. everybody already expects the worst. probably means the downside's already priced into the stocks. which ones do i like? wells fargo and bank of america, both of which i own from my charitable trust, both of which i'm buying aggressively any time they dip below these levels. i also think health care is safer. one scary idea, right? i think health care could work because the big money guys who are desperate to have more stock exposure are dramatically underinvested in most health care stocks. why? because they so feared nancy pelosi, so feared congress that they thought this group would never stop going down. that means they're less able to sell the group, more likely to buy. why do i think abbott labs just a couple points from the low,

bristol myers, two of my charitable trust names, you know i'm putting my charitable money where my mouth is. how about the stocks most vulnerable to the selloff? those are the ones that went up the biggest, the rails and industrials, probably in the most danger as they've been screaming higher based solely on the fact they've been able to beat reduced expectations. i mentioned by the way, i was talking to erin burnett that eaton was one. these are the stocks where the pullback might not be so gentle. union pacific might not be so gentle, they could be taking the 7% haircut. wouldn't shock me. next most vulnerable to this change in the market's attitude, the retailers. they've had a big run powered by nothing. nothing more than numbers that were less than disastrous. i'd be careful with the entire group. and especially wary of target, which had a decent credit card number, but not good sales. khol's, costco, and perhaps even walmart even though walmart is 46.

what about technology? pullbacks, intel to 18, microsoft to 22, amazon to 80, apple 152, and they'd all be buys, yes, even microsoft. why? new products cycle chatter and reduce expectations. i believe we're still at the beginning of a gigantic bull run based on the mobile internet. a major multi-year move like we saw those begin in 1992 and 1996. something i'll explain later on the show if you stick with me after the break. here's the bottom line, no matter what happens with earnings, this market seems to be running out of gas, that's what i saw in the -- right until the end of the day. because the buyers, i believe, are getting exhausted. they've just run the marathon, won the marathon, i don't think they'll drop like the historical predecessor, i do think they'll drop out for a while and refuel until the next big race. let's start with debbie in idaho, please, debbie? hey, deb. >> caller: hey. rocky mountain boo-yah from debbie in idaho. >> good to have you on the show,

what's going on? >> well, thank you, professor cramer out here in the west we like our energy to burn hot and fast. my husband and i own chevron and conoco, but with the political wins being what they are today, is it time for this western family to go with a green energy play like broad wind energy? >> i like broad wind very much, of course that's the pure play on wind. however, i think the country's not set up for wind, we need many more conduits, that's why i like quanta, pwr. it's totally speculative. chevron on the other hand and conoco, i once owned conoco for my trust, i think both of those are inexpensive stocks that are about to have a major run. now, they have refining capabilities and refinings doing badly, a lot of articles about how expensive it is to refine so-called dirty oil, the heavy oil, but i think chevron and conoco, you should buy more of those when they report, please don't be overweighted in energy,

but broadwind is strictly a speck. -- specific tive -- speculative. let's go to hal in california, hal? >> caller: hey, jim. >> what's up? >> caller: a sunny boo-yah from the beaches in delmar. >> i don't know why you're calling me, maybe you're in your cell, what's up? >> caller: i love your show and you're making me money. >> that's what i like to hear, thank you very much. what's going on, my friend? >> caller: my question is with the resurgence of the chinese and emerging markets, what do you think about grass tech for the leader of the carbon industry for the steel industry? >> chinese buying, no, if wee buy china, we're going to buy directly with the fxi. i do not like that company, it reminds me of zoltec, we are not in the position until oil goes well above $70, i do not suggest that idea, i think it's gutsy, but i don't think it will work. >> don't buy, don't buy. >> no matter what happens with earnings, i think the market's going to start taking a breather

here. i need you to stay wary of the sectors most vulnerable, but be ready to -- >> buy, buy, buy -- >> the bank stocks on any weakness. and stay with cramer. coming up, job creation is key in the state of cramerica, so how can we bring down unemployment? jim unveils his plan for getting this country back to work again. plus, the nasdaq's been on fire lately, when will it burn out? cramer breaks down the naz to find out if tech will continue to turn up the heat. later, jim goes high voltage in the lightning round all coming up onned many mad money." (announcer) take your time to find the right time

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like my great grand uncle vladimir lennon, not that he's confused with john give peace a chance lennon, i've been looking at the state of my country and asking myself as he did with one of my favorite books he put together, what is to be done? right now, it is so easy for jobs to leave this country. and one of the biggest themes of earnings season is companies firing people here -- in order to boost their profits while they expand business in places like communist china where there's more money to be made. if we want to return america to profitability, if we want to solve unemployment instead of having its soar to 10 or 11% in what's known as a jobless recovery, then we need to take radical action. unfortunately, the people running this country have a plan, and it's one that will cost far more jobs than it will create.

and i say this to someone who desperately wants obama's presidency to succeed. and as someone who doesn't necessarily mourn the fact that the government of, by, and for the corporation has indeed perished from the earth. but reblew it. we blew it. increased unemployment benefits and increased age of the state is with the infrastructure component. i expected a couple billion here, the couple billion here to trickle out in the second half for infrastructure, but unlike the late senator dirkson who contended -- let's say it won't add up to real money. and now washington has moved on to a bunch of plans that are more likely to destroy jobs than to create them. so what is to be done? you know what we need -- we need a capitalist manifesto, an eight-point plan to bring america back by creating real jobs, not more non-productive

government make work jobs, inducing the economy so we don't end up as the caboose as the global recovery. where's cramer fave now? while the chinese took over. cramer now. oh, my god, restore him to the rightful position, just kidding it. i'm taking a page from marx' book. you can decide whether it's karl marx or maybe even groucho marx. i debated, of course, calling it the cramer manifesto and decided that was way too egocentric even for me. explain the good press i get that describes me in terms usually reserved for nelson mandela, or perhaps the daly lama.

i can tell you this is not a plan you've heard of here or anywhere else. first, we need to create a network of natural gas pipelines and subsidize natural gas cars. that would put millions of people to work. and because natural gas is so much cleaner, so much cleaner than burning oil, it would postpone the need for cap and trade and co 2 rules that will just crush job creation. for some reason, no one in washington wants to embrace natural gas, yes, they do think it's silent but deadly. in fact, though, it's the best transition fuel we have. hey, by the way, we've got a lot of it. we used to say we were the saudi arabia of coal, of course that's like being the saudi arabia of black lung or pollution. with the discoveries of the last few years, we're now the saudi arabia of natural gas, why don't we subsidize natural gas billing? we can make it easy for people to buy cars that run on natural gas or convert their current ones. why don't we just do natural gas cars?

and not only will we have transition to cheaper, greener fuel, but we'll also create good jobs for millions of americans, second point. and this one should be a no-brainer. we actually should build new infrastructure. the government should build new sewers, new aqueducts, we should rebuild every darn bridge in this country that's older in order to replace the aging infrastructure, that's a sure fire job creator. it's a poster boy for what's needed. third, you want to deal with health care, fine, i got it, one simple idea. you create three national competing private health care providers and subsidize them so companies can afford to hire more cheaply. between the competition and the subsidies, businesses won't have to commit to paying huge benefits packages. makes it difficult to hire new workers because workers are so expensive. fourth, we should bring back all

of our troops in germany, south korea, japan, and downsize all of our bases in those countries, we don't need troops in germany, the cold war's been over for 20 years, we need the troops here because they know how to lead the infrastructure projects i'm proposing. let's put them to work doing something useful. fifth, the government should pay a bounty, that's right, should pay businesses a bounty every time businesses hire someone. right now businesses in this country think ten times before they hire a single worker. they don't give a thought to firing thousands of people. but a bounty for hiring would change that equation. sixth, if we really want to go crazy creating jobs and also energy independence, why don't we just stick a solar panel on every house in the country? who cares that they're hideous? that's serious stimulus that could create jobs and clean energy. number seven, another no-brainer. we should build high-speed trains from maine to miami from new york to chicago all along the west coast, and with the transcontinental high speed rail line to boot.

practically every other developed country already has this and some less developed countries it will require a gigantic number of workers, and it would make traveling a heck of a lot cleaner. finally number eight, if we want to start creating jobs again and start losing them, washington needs to eliminate any check of card check unionization and forced arbitration. making it incredibly onerous for businesses to hire. no company wants to take on workers with this collective bargaining over its head. let's get rid of it, at least until economy's booming again and then we can afford to take the hit. we can't right now. here's the bottom line, that's the manifesto for bringing jobs and profits back to the united states. capitalists of america unite. you have nothing to lose but your jobs, your earnings, and your homes. so get to it. after the break i'll try to make you more money. >> coming up, the nasdaq's been on fire lately, when will it burn out? cramer breaks down the naz to find out if tech will continue to turn up the heat.

plus the time has come for cramer to guide you through the markets ups and downs. stock after stock on the lightning round. and later, cramer gives you the keys to the conference call on the eureka moment all coming up on "mad money." at 155 miles per hour, andy roddick

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lots of discounts on car insurance. can i get in on that? are you a safe driver? yes. discount! do you own a home? yes. discount! are you going to buy online? yes! discount! isn't getting discounts great? yes! there's no discount for agreeing with me. yeah, i got carried away. happens to me all the time. helping you save money -- now, that's progressive. call or click today. last week, the nasdaq's 12-day winning streak came to an end. and when it comes to stocks and especially when it comes to tech stocks, streaks really do matter. the nasdaq hasn't been up more than 12 consecutive days since 1992 when it had a 13-day winning streak. and last week's run topped the 11-day winning streak in 1996.

these big runs aren't random, just the opposite. and it turns out, they're at the beginning of mega-bull markets in tech the last two times. ♪ hallelujah >> i think the nasdaq's latest rally has terrific things for the future. see, we've been here before, but no one seems to remember what occurred after those 1992 and 1996 moves. odd, because that's all that really matters now, isn't it? so today we're talking -- we're going to take a trip in the way back machine. to see what happened after the nasdaq's last two 11-plus day winning streaks. the incredible investing opportunities they represented and the excitement to show you that even though the nasdaq's latest run is over, these kinds of rallies mark the beginning,

not the end of huge moves. first, let's take a look at the numbers, raw numbers to prove how much they matter. with the 12-day streak that ended, nasdaq advanced 13%. you probably think, oh, i missed the move, that's all there is and judging by the history, you're probably wrong. looking back at the 13-day winning streak in 1992, the nasdaq saw a 13.6% increase, and in 1996, the 11-day winning streak got a 7% gain. those are big runs, but look at what happened after both of those streaks. in 1992, the nasdaq was down 4.6% six months after the end of the streak, on january 8th of that year, that's not great shakes. but how about this? a year later, it was up 14.4%, two years later, it was up 27.7%. the 1992 streak marked after some profit taking the beginning of a monster two-year run.

how about '96? this is really exciting. the nasdaq was up 3.6% six months after the end of the streak on september 20th of 1996. it was up 37.8% one year later, and then it was up the humongous 136.6% three years later, the 1992 streak gave us a phenomenal two-year run, but the 1996 marked the colossal three-year run that more than doubled your money. pretty impressive. those are just the numbers. anybody could look that up and tell you what i just told you. the real reason i think history will repeat itself is another multi-year rally in the nasdaq, a multi-year tech rally isn't just because of the streaks, it's because of what caused the streaks. this is the benefit of having a grizzled, but not 60-year-old veteran like myself to dispense investing advice. see i was trading in '92 and '96, i was there, remember what it felt like and what drove both streaks and the ensuing rallies.

each was caused by the market's recognition of a major new secular growth trend in tech. they bothed hurled a game-changing product cycles, just as i believe the nasdaq's latest winning streak is all about the mobile internet and the smart phone and the wireless products cycles that should produce tremendous multiple year gains. just like we saw in '92 and '96. let me give you a little more color on what drove those rallies in the past from my own experience. the street was all about the recognition that the personal computer would become common place, with the computer in every home, not to mention every office, and this was a rally spearheaded by microsoft and intel. in 1990, mr. softy launched windows 3.0, a popular version of windows with a software development kit that allowed third parties to write applications kicking in '92. dell just introduced its first notebook back when they were still called laptops, color display, another huge leap forward, on top of all of this,

intel's widely popular high-performing 486 chips as this was the moment intel broke ahead of the pack and became a household name. at this moment, the chip maker coined the term "intel" inside. and intel began its run from semiconductor company that used to make drams in the late '80s to the biggest proprietary semiconductor maker on the pc franchise. more important, this is when pcs crashed in price, became affordable for you and me, regular customers, as intel kept bringing down the price of its chips, you got powerful computing for less money, that was the beginning of that period. this was the backdrop to the nasdaq's 13-day winning streak that ended in january of 1992 when we all recognized the pc revolution was for real and we made fortunes off it for the next two years. how about 1996? even more exciting, this was even bigger. a move generated by the recognition that the internet would be the next big thing. if you bought after the nasdaq's

11-day winning streak that year, you were ahead of the dot com boom. in 1995, we got windows '95, the first version was built in support for dial-up networking and tcp-ip. there was the year the internet explorer was introduced. by time it got to 1996, the excitement about the web was palpable, aol's stock, remember the web browser by microsoft and eaten by aol had just started trading the year before. yahoo became public on april 12th of 1996 in a huge transformative ipo, that's when the venture capital money started flowing into the web, mostly because of all of the money in yahoo, about a quarter of the money invested in '95 and '96 went to software companies. i myself was -- it was also the year when dell started selling computers over the internet. they're making $1 million a day seven months after launching the website.

it was the beginning -- the gains in these stocks were tremendous. from the start of the nasdaq streak in 1996 and until january 1st of 2000, the nasdaq increased 263%. s&p 500 only increased 122%, but it doesn't even capture the scope of the gains from the biggest winners. over the same time frame, sisco was up 803%, microsoft 662%, intel, 305%, and let's get to the -- aol went from $3.92 to $168. that's a gain of 4,189%. how about yahoo? 77 cents to $108.17. are you ready? that's a 13,948% gain. what a time to be a tech investor. and once again, i think we're in the same kind of moment. nasdaq's 1992 streak marked the beginning of the widespread

adoption of the pc, 1996 about the adoption of the internet, and now i believe it's 2009 streak is about the mobile internet. something that could be just as game-changing and profitable as the last two huge tech trends. only this time companies like apple, okay, with the iphone, research in motion with the blackberries don't like that as much as apple, but qualcomm, which makes the technology that makes the mobile internet possible, stock i own for the charitable trust and all of the component makers, semiconductor companies, all of the stocks you keep asking about when we open up our cell phones. here's the bottom line, the last two 11-plus winning days in the nasdaq signalled the beginning of multi-year bull markets in tech. and i think the streak last week is doing the same. in '92 profit taking in the first six months, in '96, we didn't. so in the short-term, tech could go either way. i think it's likely that we'll get a little bit cheaper price just because the market's so overbought. but when we do, i think you have to buy because the mobile internet should only give us a

multi-year rally just as the pc did after '92 and the old-fashioned internet did after the '96 streak. in order, if history dictates, buy the weakness or buy the strength. either way, you should be a winner given the similarities between the catalyst that drove each of these fabulous bull runs. gary in florida, gary? >> yes. >> go ahead, gary. >> caller: jim, how you doing? boo-yah, love your show. >> thank you, chief. what's on your mind. >> caller: my mind is google. i'm a big fan of the company, the stock's had a huge run since march. my concern is with increased competition from microsoft's new search engine, rumors of yahoo and microsoft getting together. my question is is this a zero sum game? and can only one company win? and is that company going to be google? >> gary, i think you raise a good point. first of all, just the chatter of it, right. now we suddenly have bing, we have something in the web, boom. i was i got right to bing.

bing and yahoo, yahoo's run by -- these are real competition to google. but here's the flip side, google sells at 19 times earnings but growing at 23%. so the negativity's priced in. here's the bottom line, i think google's become a battleground. i don't like to make money in battlegrounds, i like to go to areas where there aren't as much strife, apple is more likely to go much higher than google. jim in new york, jim? >> caller: jim, thanks for taking the call. >> my pleasure. >> caller: i got a question on river bend for you. i like the company, own it below 12, made a monster move, but it's lost 12% in the last two trading sessions, i.t. budgets continue to be tight yet river bed's products makes things move faster, saves i.t. budgets money, i think that's a good reason to own it, as well. a lot of money, a lot of cash on the balance sheets for sisco, ibm, and hewlett-packard, and they'll be making acquisitions

before we see any meaningful recovery in i.t. spending. >> jim, i think you're right. i didn't think the quarter was that bad. i've got to tell you, sometimes we get these tech companies and they believe they're going to explode. river bed was fine, i would be a buyer here. i agree with your judgment. holly in virginia. holly? >> caller: hey, cramer, this is holly from an achievable dream, a big boo-yah to you from all of our student body here in virginia. >> i love it. i love it. the reporter that we met there when we were doing university of virginia was the first guy to kind of understand that the show was watched by younger people, which i think is terrific, congratulations to learning about money, most of the classes in the country do not teach about money, you get to college, you have no idea what you're doing. thank you for what you do. what's up? >> caller: awesome, thanks, our question today has to do with netflix they provide online movie rentals. the company announced a big quarter. but they still took a hit. analysts said "investors don't understand" the company's

long-term risk. we want to know what does that mean? and is now a good time to buy on the pullback? >> all right, a lot of people were very worried. look, if you have fios, comcast, you can really start downloading a lot of movies. i think netflix has other things going, technology going, i think they remain a good story. but it is highly speculative. the big run may be behind it. i am not going to get behind netflix for high schoolers, i think it's far, far too dangerous even though you've got the whole life ahead of you. i would prefer something with solid growth path without that kind of worry. all right, i looked at the nasdaq streak from '92 and '96, and i think the 2009 nasdaq streak could be the beginning of a mobile internet bull market, i don't want you leaving the table. i want you buying. and stay with cramer. coming up, the madness goes nationwide. >> a big buffalo boo-yah. >> boo-yah from the scorching desert of west texas.

>> sizzling southern california. >> calls from all across cramerica. >> boo-yah from st. louis. >> big 110-degree boo-yah from phoenix, arizona. >> boo-yah from seattle. >> lightning round. and later, cramer gives you the keys to the conference call. on the eureka moment. all coming up on "mad money."

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it is time, it is time for the lightning round, cramer's "mad money." that's rapid fire calls one after another. you say the name of the stock, i tell you whether to buy, buy, buy, or sell, sell, sell. i don't know the callers or the stocks ahead of time. you play, you hear this sound and then the lightning round is over. are you ready skee-daddy. it is time for the lightning round that i'm dedicaing to ubs. suspended trading in the inverse leverage and inverse leverage exchange trading funds. ubs joins them, fabulous work

ubs, congratulations. first caller is carmen in connecticut. carmen? >> caller: hey, jim, boo-yah. >> boo-yah. >> caller: thank you very much, thank you for helping us keep the safe this year. >> i appreciate that. i'm glad people didn't get too discouraged during the month of march. >> caller: no, just kept going ahead knowing that everything would be all right. >> excellent. >> caller: listen i have a question. i've been in and out of geron as a short-term play and made some "mad money," i'm thinking about getting back in at this price for a longer term investment and i'd like to know your thoughts on it. >> no, i'm not going to go there. i think it's much too speculative even though i know that amgen reported a good quarter, tomorrow off the amgen quarter was already up 10 before this, i think you're coming in at a bad level, i do not want you to buy. i do think there are others that are much cheaper, i'm going to include gilliad, sell, pullback, absolutely. mike in new jersey, mike?

>> caller: hey, big boo-yah to ya, jim. >> what's up? >> caller: i got a two-fold question for you. i am a long research in motion. i don't know if you're still bearish on it right now, but this stock that i have like a -- speck play in armh -- >> i actually like armh more. that's a maker, i think the pcs are strong, it's part of this great internet mobile situation that i keep talking about, the tsunami. my worry about research in motion, not palm, palm is an absolute sell, sell, sell. research in motion had an okay quarter, not a great one. my point is why be at rimm, ho-hum, when you can be in apple that dropped to 156, which is your chance, we should hope for a selloff so you don't get into apple cheaper, but apple's best in show, why should we even

trifold with something not add good? susan in ohio, susan? >> caller: hey, jim, how are you? >> not bad, how are you? >> caller: really great. >> really great, good, i thought there was a whole bunch of us. what's up? >> caller: bank of america bac, i'm wondering if it's got up side compared to chase? >> huge upside. huge upside, i'm overweighted 6%. that my trust happens to have far more banks than represented in the s&p. bank of america, i think, was down beat last week, they simply didn't tell us good enough story as i would like. and wells fargo, by the way, i feel the same. bank of america at 13, i think it's a coil spring. i think the next stop is 18, i think you should be buying it. buy, buy, buy! i would hope it would get back to big stock offering at $10. it's not going to get there, you have to pounce now. t.k. in nevada, t.k.? >> caller: hey. >> t.k., you're up partner. >> caller: well, i've been hanging on for an hour.

>> what can i tell you? what can i tell you? there's a lot of bad guys back there, we'll go knock some heads after. other guys are hopping on like that. no, everyone has to wait. go ahead. >> caller: okay, i'm ready. >> me too. go ahead. >> caller: all right. yeah. sweet heart. >> hit me. >> caller: yeah. >> go ahead. >> caller: okay, cramer. >> yeah. >> caller: hey, cramer, i'm looking for star. >> oh, man, slow guy, hot stock. i think star is absolutely terrific. this is one of my classic, classic cases of the internet mobile revolution even though the stock has moved up big, it's pulled back. >> buy, buy, buy -- >> get on board and buy. we've had some -- we haven't had nearly as many calls as we like because a lot of them are saying cramer, cramer, cramer, yes, yes, yes. how about kyle in california.

kyle? >> caller: hey, jim, boo-yah. >> kyle, you got -- what's up? >> caller: my stock is tkxe. man, that's like the "american idol" elvis presley. too hard for me to value, too hard for anybody to value. i'm going to say don't buy. i've got to tell you that is bob stillerman's company, he's a moneymaker at times, but i think i don't care for the entertainment business. let's take one more. doug. doug! >> caller: a big boo-yah to you. >> land of lincoln boo-yah back at you. >> caller: i bought some thompson creek metals, in march between $3 and $4. it's been a great ride up, but does it have continued ride up? >> i want you to take your money out of it. play only with the house's money, actually take double your money out of it and play with house's money, take $6 out, why?

because last week on the freeport call, srx talked about how bad the market is and how it's still not coming back, you're in one of the three markets that -- he says that's the worst one. take half off, play with the house's money, you'll never regret it, and stick with cramer. >> the lightning round is sponsored by td ameritrade. trading is all about strategy. and strategy... is all about information. heat mapping shows me where the money's moving. twenty five hundred stocks... one quick look. that's where the action is. plus, this amazing gadget... it's called the telephone. i can call td ameritrade anytime and talk trades, strategy... anything. td ameritrade. built by traders, for traders. this is what i need. announcer: trade commission free for 30 days, plus get 100 dollars cash, when you open an account. just because they're inside you doesn't mean they're protected. oh, ladies. let's say you have osteoporosis. i do. you could be losing bone strength.

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i always say that you've got to listen to the conference calls if you want to be a great investor. on friday the oil stocks were getting hammered 37 they were all going down because oil service's king, reported a disappointing earnings report. and this stock is the umbrella of the whole report. the oil service index cannot rally. or at least i thought that was the case. as andrew gould, chairman and ceo talked down the sector on his conference call that began at 1:00 p.m. saying there's very

little hope for a turn in drilling without oil going over $70 a barrel by year end, especially because north america is so weak, courtesy of lack of demand and potential supply of natural gas, every stock in the group took a dive. it was uniform. however, take a look at this chart. at:30, at 1:30 in the afternoon, right here, we saw a sudden spike in one of the key oil service stocks. rig. transocean for your home gamers. the largest off-show driller in the world. look at this. this is the spike, even though the grandaddy, they said nothing was good and the confusion astonished everyone, except those who were glued to ghould ease live comments on the call. what did it? how could you have caught a quick gain of nearly two points

in a stock that's so many others missed? here's the hook. in response to an list question, midway through the call, right here, right there, in response to the question about whether there is a slowdown, postponement, delay or cancellation of deep water projects, transocean is only deep water, ghould responded, quote, they've been surprisingly resilient. so, yes, we've seen so the postponement but not cancellation. boom! right then clam resilient. then he continued, so, for example, we see a lot of krkt as the come into operation in deep water in the second half of 2011 and 2010. there's been very little actual cancellation because trading happened to fast in this country. you got it right there. just within the time frame of his paragraph. now anyone who had been

following transocean stock closely figured these big projects would be scrapped. instead, the king of oil service, they told us the projects are hanging in there. that's all anyone needed to hear who's savvy to know that transocean was going to break away from the pack of the other oil service stocks, by the way, were doing this. you can see the rally. one i expect will continue up to august 5th. when transocean reports. i always say, listen to the conference calls. they aren't necessarily exciting although, they put on quite a show and is very entertaining. the quote "nonthat gas" although the calls are dull, no doubt where the money can be made. and like in cooperstown the bank doesn't ask for its juice profits to pump up your accounts. "mad money" is after the break.

we think the market the way too overbought and think it will come down jetly. 205% say, there's always a bull market somewhere. i'm jim cramer and i'll see you tomorrow! where to find your next play. the latest tell. plus, handy around the house? how about a do it yourself hedgo fund. advice from the expert on "getting started." s "fast money" coming up next on cnbc. on the internet. i'll be using the 3g at&t laptopconnect card. he won't. so i can browse the web faster, email business plans faster. all on the go. i'm bill kurtis and i'm faster than floyd mayweather.