your response at this time. what ? please call back between 8 and 5 central standard time. he's in control. goodbye. even kids know it's wrong to give someone the run around. at ally bank you never have to deal with an endless automated system. you can talk to a real person 24/7. it's just the right thing to do. i'm jim cramer, and welcome to my world. >> you need to get in the game. >> firms are going to go out of business, and he's nuts! they're nuts! they know nothing! >> i always like to say there's a bull market somewhere, and i promise -- >> "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 or save you a little money. my job is not just to entertain but to educate. so call me at 1-800-743-cnbc. 

universal health ñ what i do know, though, is i focus too much on politics on the show. did i think too much like a rich person perhaps, worried about my

own tax bracket? in other words, would i have understood how this would impact the market better back when i was living in my 1977 ford fairmont on interstate 5 in california with a jaundiced liver, a hatchet, and yes indeed, my own toothpaste, a bottle of jack to brush my teeth? way before kesha, by the way. because i didn't have health insurance. maybe i would have gotten the story right back then. i pondered that at 3:00 in the morning because i am so bothered and tormented by my call. but why, i ask, is that any different from any other night? ultimately, i think i made ten mistakes. let's call them ten plagues. get a little seasonal. ten plagues that caused me to believe health care reform would be worse in terms of its short-term impact on the market than it actually was. plague number 1, i believed this thing would impact earnings.

hey, listen, caterpillar told us on the eve of passage that the plan would cost them 100 million. but with cat just two points off its high right now, clearly i was wrong to get so bent out of shape by what they said. plague 2, think of this one as locusts. i thought there were so many money managers who didn't believe the bill would pass that we would have a stampede of panicked selling into it. that didn't happen. maybe because they were just glad the whole big bad event was over with. plague number 3, i thought the market would be sophisticated enough to realize that stocks needed to be sold ahead of the tax changes coming. but since the changes aren't coming until next year, except the critical tanning tax, and in some cases not until 2013, nobody's thinking that far ahead. even though it's the rational thing to do. but the market's an irrational, nutty place. as i who wears steel wool would know better than anyone. fourth, similar to the plague of boils -- mine are well covered, by the way, by the earl schieb

spray paint my makeup artist laura covers me with each day in lieu of the suntan levy. i thought it if the bill pass td it would reignite obamas anti-shareholder pro labor agenda but now it seems like he spent all his political capital. gridlock now pears to be the most likely result of this year's elections. and the market likes that. the fifth plague, the fifth reason i misjudged the impact of health care reform, i thought the bill would be so expensive that the budget deficit would rise to a level where people would want to bail on stocks, not just bonds, like they did today. either we haven't reached that point or people genuinely believe there will not be an impact on the budget. something i hope for. but of course hope should never be part of the money equation. the sixth plague on my thinking? i knew that going into earnings season the results would be terrific, and i thought the bill's passage and the subsequent sell-off would give us all buying opportunity. i laid that out in my game plan. i didn't realize just how badly people needed into this market ahead of the spectacular numbers that we shall soon see, which is

why buyers were so quick to take advantage of the weakness on sunday night and monday morning. plague number 7. i believed washington would trump everything because of the destructive power of the anti-business rhetoric coming from the capital. but it seems like the market has become inured to that kind of thing. just witness the strength in the bank stocks of late in the face of the political anti-bank jihad. plague number 8, i didn't want to be greedy. usually, that's not a plague. it's a virtue, not a sin. and certainly not a crime. in this case i got it wrong. because i thought the market had gone up so much it was due for a pause. see, i thought the people would use a democratic win on any of this legislation as an excuse to take profits and bays wantecaus wanted to protect our big gains on the show i became too cautious, too fearful and finally bear much. the ninth plague, i thought the health care bill would be much worse for small business than it actually was. as the cutoff is fewer than 50 people before the onerous costs

kick in. i believed it might cause a spike in unemployment. but the economy's now so strong it won't happen, at least because of the bill, at least not yet. finally, number 10, not quite as bad as the death of the first-born, but certainly worse than the plague of darkness. the biggest misjudgment is that we let the drumbeat of the so-called news interfere with what we do best here on "mad money" and what you count on me for. isolate profit estimates, figure out earnings, and link them with stock movements. now, make no mistake about it. i still fear the ultimate consequences of this health care legislation for the market because we have so learned not to trust the federal government, and that's the bush federal government and the obama federal government. in fact, the bond market just today seemed to be quite worried. it won surprise me if ultimately i am totally and completely right about my fears here. but short term, which is what i was saying in the game plan and leading up to the weekend, we

clearly ended up falling prey to the bearish litany of busted budgets and days of reckoning and we did so too soon. we have to cop to that. even if it means criticism for people who say hey, even he admitted he got it wrong. that's fine. i did that at my hedge fund with my investors. i do it with you. here's the bottom line. i misjudged the damage that the passage of obamacare would do instantly. i was too scared of washington, too caught up in the cacophony of the news, and i ended up making many of the same mifrkz the bears have made ever since this bull market was conceived over a year ago. so i have to don the hair suit. i own mistakes. and i will try my best not to make them again. the market is a humbling place. i will always admit when i have been wrong and do everything in my power to deserve your trust and maintain my credibility in the sixth year of this show, just as i hope you think i have done in the past five years of "mad money." let's go to don in florida. don.

>> caller: hey, boo-yah, jim, from sunny orlando, florida. >> orlando, florida, man. you are magic. what's up? >> caller: thank you. corrections corporation of america, cxw, owner and operator of privatize, correctional and detention facilities and a prison operator in the united states. they've got 65 correctional and detention facilities -- >> we're quite familiar with the outfit. we're quite familiar with it. >> caller: okay. >> so you want me to opine on it? >> caller: yeah, what -- >> i think the private prison business, it's been around for a long time. you know, you read the papers that they're letting people go so, therefore you want to be able to go buy -- you buy the stock. you know what? that is the kind of reasoning where i would say, believe it or not, you are edgeless. there's nothing there that other people haven't figured out. when we recommend a stock on "mad money," we like to have an edge other than just reading the

papers. we don't have one in corrections. so we're not a buyer. let's go to dan, who's probably thinking about living free or dying in new hampshire. dan. >> caller: hello, jim cramer. thank you for a great five years of your service, and a big boo-yah from swansee, new hampshire. >> good to have you on the show. i always like the new englanders checking in. what's on your mind? >> caller: hey, i've owned smb, schlumberger, for a long time now, and since they've announced the buying out of smith's and geo services, the stock's got a little stagnant. it's getting a little slow. i'm just wondering do i keep it? do i -- >> well, someone downgraded it. people are very concerned that what's happened here, just so you know, they're very, very concerned that oil -- that natural gas is going down so low that they're going to lose a lot of natural gas business. and the guy who runs is, andrew gould, he is a very honest guy, and he too is throwing cold water on the idea that things are good. so when he doesn't like it, i get nervous. but let's think longer term. are we running out of oil, or are we finding more oil all the

time? the answer is we need to keep drilling, and that means schlumberger is a bull market stock. i am not backing away from schlumberger. yeah, maybe in the days when i used to brush my teeth with jack daniels in the back seat of a 1970 ford fairmont i would have called this one right. but you know what? that was more than 33 years ago. i was so much older then, man. i'm smarter than that now. mea culpa. the passage of health care was not as bad as we thought. it might be soon. but let's learn from my mistake this weekend. both you and me. we've got to profit from the wins, and we've got to learn from the losses. "mad money" will be right back. >> announcer: coming up, radio silence? with advertising money on the rise, cramer's got one company that could have you tuning in profits. and later, whether the dow soars or hits the floor, jim tries to help you stay on steady ground with "am i diversified?"

all coming up on "mad money."

this just in. news flash. first on cnbc. radio is not dead. that's right. radio is not dead. this industry, this medium of communication that had been written off by just about everyone, including yours truly, is alive! it's alive and well. it's come back in true nosferatu slash bela lugosi style. frankly, it might even be better than ever. you see, radio now has the backing of the supremes. not the music group. which is just oldies. but the supreme court. a much more powerful entity. even if it lacks the looks and the vocal stylings of diana ross. radio is not about the music of

the land circa 1964 but the law of the land circa 2010. baby love? no. money love. remember back on january 21st that big controversial supreme court decision in that citizens united case where the court ruled that the government cannot ban political spending by corporations in candidate elections? way to uphold government of, by, and for the corporation. at the time president obama called it a "major victory for big oil, wall street banks, health insurance companies, and other powerful interests that marshal their power every day in washington to drown out the voices of everyday americans." hey, i couldn't have said it better myself. except he left out one moneyed interest. how do you think all those malfactors of great well manage to drown out the voices of the people? what do these corporations use to get their message out besides tv? the natural one.

they use radio! with the elections coming up this november, you'd better believe that political ad spending will be off the charts. >> buy buy buy! >> especially now that corporations can spend like crazy with no serious restrictions. they're going to buy a lot of radio air time this fall. and you know what? beyond the supremes in politics, the fundamentals of the radio business have just gotten a whole lot better. rates, which typically fall off in january, have actually firmed across the board, in many cases gone up from last year. so the question is how do we play it? the answer, it's pretty easy. there's only one pure play publicly traded radio company that's large enough to talk about. and the name is entercom, etm for all you home gamers. the whole medium has come back from the dead. and i think there's just a single way to play it. can you get any better than

that? we have pronounced this industry dead. we did it back on march 10th of 2008. and we were dead right, saving people fortunes, as almost all of the stocks we told you were about to die either have been delisted or are now way too small in market capitalization for us to talk about on the show. many just plain old went bankrupt. now that the actual radio business is coming back, we like the stock of entercom because it's a last man standing play. one of the five largest radio broadcast companies in the u.s. and the largest publicly traded one. the others are too small or private like clearchannel or buried in larger companies like cbs. entercom with its nationwide portfolio of over 100 stations in 23 different markets, including san francisco, boston, seattle, denver, portland, sacramento, and kansas city, is the ideal way for the rich and powerful corporate interest groups to reach voters in each

area. this company is a huge winner, perhaps the main winner from citizens united ruling. in fact, on its most recent conference call, entercom ceo said the decision "clearly opens the doors for additional demand as we enter into the heat of the political cycle this year." and it would certainly be our expectation that we are in for a robust year of political spending in radio, end quote. like mark twain's famously premature obituary, reports of radio's death have now been greatly exaggerated. just this past november a nielsen study mapping usage trends across all forms of media found that 77.3% of all adults are reached by radio on a daily basis, second only to tv at 93.5%. and it's more than the internet, when you exclude e-mail at 64%, and much more than newspapers at 35%, or magazines at 27%. what's more, the business of radio is improving, thanks to a recovery economy and increased advertising spending across the

board. although many of the radio companies did not make it to the promised land. entercom has already noted an uptick in advertising demand, which is accelerating both locally and nationally with pacings, which measure the strength of advertising revenue, up 7% year over year for the first two months of 2010. the business is coming back. coming back to normal after a near death experience in 2008 and early 2009. entercom is one of the strongest players in the business. you want targeted advertising? google. how about local radio? entercom gets 78% of its revenues locally. all those little congress, congressional races that the big money interests have to try to help. the multiple stations in many local markets, that allow us to operate with lower costs and to help advertisers target the voters more efficiently. this is something that should be especially helpful as we enter campaign season and all kinds of big interest groups start spending on local elections. plus, this company's not stuck in the stone age. it's got websites, streaming audio, along with integrated

online advertising. it's not being cannibalized by the web. it's actually benefiting from, it which we saw in the company's most recent quarter where digital revenues advanced a whopping 50%. entercom stations have strong rates. they're well run especially in denver, sacramento, austin, and seattle. those could all be battleground states for the fall. and there's a lot to like about the company's fourth quarter, which reported on february 23rd. its revenue and operating cash flow grew during the month of december. national revenues turned positive for the quarter. and for the whole of 2009 the company reduced its net debt by $100 million, trimmed expenses by 8%, and generated $70 million of free cash flow, which is how we really evaluate radio stories. now, this stock has had an enormous run. it's undeniable. when i tell you how much it's up, you're going to say cramer, you're too late. it's up 855% from $1.17 a year ago. it's traded as high as $12.20, just pulled back to $11.17. where it is now. but you've got to remember that a year ago the economy was economy was stilt in the dumps. companies were slashing their advertising budgets and everyone thought that every radio stock

was practically a goner. even after this move entercom is still trading at 8.6 times expected 2011 earnings. despite having an 8.6% long-term growth rate and having monster cash flow. and i think the numbers aren't even factoring in the full benefit of the supremes' decision and the political advertising surge it's likely to cause as we get closer to the elections in november. plus that $11 share price doesn't look too ppsive when you consider entercom traded at $30 back in 2007 before the wheels started falling off the economy and the radio business went critical. and in 2000 it reached, are you ready, $67. the darn stock could run up 50% from here without being anywhere near as expensive as it was before the economy fell apart. and the huge fall election, where the money bags are now entitled to pollute the airwaves with their persuasive views beckons. here's the bottom line. radio the industry's not dead, although many of the stocks are. in fact, with the help of the supremes we're seeing a radio

renaissance. that because i'm septical. and entercom is literal liu the only way to play it. don't chase this one. wait for a pullback like you saw today before you buy because i expect no new news out of ent entercom other than the story you just heard. until the company reports again in the beginning of may. and frankly, that's way too far away to worry about or take action on. let's start with steve in florida. steve! >> caller: hey, jim, a big thanks for taking my call boo-yah to you. >> okay, sunshine. let me help. >> caller: thanks. i'm calling with praise and a question regarding cinemark holdings, cmk. >> right. i twittered on that one today. what's up? >> caller: since your brilliant speculation friday call six weeks ago i'm up 12% by trading around the corner position on it. and in your awedo book for "getting back to even" you mention secondaries as a great way to get more out of a stock. >> right. >> caller: and recently it just had a dip, and i got into it more. i'm just wondering what you see,

your thoughts about the future going forward. >> i think the thoughts are good. but you know what, one of the things, steve, that was a spec, and i thought it was a trade. and you know, sometimes the business is so hard you just take the trade and you move on. i think there's a little left here, but i've got to be very honest. i would rather play, say, the big 3-d with dreamworks, which is another one i really like, that i think could have multiple months of good numbers. anybody who's seen that "train the dragon" trailer knows that we're all going to have to go see that even though it seems a little goofy. let's go to norris in north dakota. norris! >> caller: a watermelon-eating, racing tortoise boo-yah to you. >> you just wait until cactus is pitted against that lightning tortoise that aaron dreamed up. i'm telling you that is going to be a clay maigs death tortoise match that peta is going to ask for my head for. >> caller: okay. i got into the discovery communications ipo on the floor when it first came out over a

year ago. i've got a two-part question. >> okay. >> caller: what do you think about discovery communications? and i have disck. can you explain the difference between an a, a b, and a -- >> a lot of this is like what the cable companies do. it has to do with the weighting of the shares. the owners have a higher weighting than others. i'm not particularly -- i don't want to cuff exactly the difference between the disc -- i always like the one that is the most liquid which is the disca, not the disck. this is an extremely well run outfit. it has been a winner. i owned it for a short time for actionalertsplus.com. i sold it too soon. and dave zaslof who's the president and ceo does a very good job. the programming is excellent. that's my meerkats. and i think the stock goes higher. can i go to florida and carol? >> caller: this is a philly transplant from florida. daly street right at 12th and

jackson. >> not bad. too far away from my cheesesteak place. but that's all right. it'll do. what's on your mind? >> caller: i want to add a tech play to my portfolio. on march 2nd you had said buy jdsu at 6. right now it's at about 11. and i wanted to know if it's still worth a buy. >> you bet it is. this happens to be one of my absolute favorite names. more than ciena, more than juniper, not as much as cisco because it's not as seasoned. cisco i own for my charitable trust. you need jdsu's test equipment to make sure the web works, that it's got fast -- that you have fast net. every time you hear about the nation having better broadband, you think jdsu. jdsu at one point stood for just don't sell us. then it was just don't sue us. it's going back to its former moniker. video did not kill the radio star. i think the radio is alive and well because of the supremes. no, not diana ross. but those guys led by roberts. entercom. etm is your play. there could be a pullback.

make your move then. after the break i'll try to make you even more money. >> announcer: coming up, how do your stocks stack up in a mystifying market? cramer makes sure your portfolio makes the grade on "am i diversified?" and later, send cramer an e-mail to madmoney@cnbc.com. and he might just answer you on the air on an all new edition of "mad mail." all coming up on "mad money."

the part of the show where i sit down. when i tell you i think you should own a stock, it doesn't mean you should throw all of your eggs in one basket. even if you're almost positive it will go up. like how i feel about apple right into the ipad launch. uh-uh. i'm not going to have any of that. i know that diversification protects us from the down side, even though we've had a remarkable market this year. and that's why i still insist every wednesday to play "am i diversified?" this is where you call me. you tell me your top five holdings. and i tell you if your portfolio is diversified enough. maybe you need to mix it up a little. i'll suggest some changes based on diversification. jeff in maryland, you're our first caller. what have you got for me, jeff? >> caller: boo-yah from annapolis. >> oh, man. we love annapolis here. >> caller: happy fifth. >> thank you very much. >> caller: you're welcome.

okay. i've got bank of america. i've got flr. i've got jci. swks. and time warner. >> whoa. very interesting. many of these companies i know and like. first skyworks, that's david aldrich, makes the parts for different cell phones. i've been saying over and over again that is integral to the internet cell phone tsunami. then we have time warner cable, which i think just on a major tear. i'm not sure -- i'm presuming that he meant time warner or -- it's not clear which one. so i will opine for both. one is a cable company like comcast. and the other is time warner the entertainment company. i happen to like them both. let's put them both in the category of entertainment. okay? bank of america, made that interesting. i don't know how many people will be able to participate in that cut in principal but i think that's going to keep some people in their homes. i am going to discuss about that i believe on the "today show" tomorrow. i own it for actionalertsplus.com, my charitable trust. as i do fluor and johnson

controls. johnson controls is a leveraged way to be able to play the auto turn. you know i think ford also works. and fluor is an engineering construction company that i believe is just beginning to see a turn. very large contract announced today. a tech, an enc, a bank, a car, and an entertainment company. that is well played. and i congratulate you. let's go to jeff in maryland. congratulations. let's go to dean in my home state of pen. dean. >> caller: how about a big penn state boo-yah from northwestern pennsylvania? >> we love penn state. he with think it's their year. we think it's their year. go ahead. >> caller: i got out of the market in march of 2008 to stop the bleeding on the way down, and i failed to get back in on the way up. and i just couldn't pull the trigger. and i've got four stocks that i want to get back into it and i want to check in with you on them. >> excellent. that sounds like a very reasonable game plan. >> caller: i've already owned some exxon, xon. >> right. >> caller: con ed. >> right. >> caller: apple. which i missed out on your -- to

buy at 190. >> okay. >> caller: and i'm undecided between verizon and at&t. i'm leaning toward at&t between the two. or should i buy both? >> okay. let me go over that. that's a complex question. con ed obviously 5.7 prs yield. that's excellent. by the way, they don't have any cap and trade problems. it's been a utility we've been behind. mr. burke does a good job. i want to say this is one of the few thief been consistently with in the utility business. apple, you know i think you can own it right up to the ipad, then we might have to do a little schnitzel the day before. that's the way you trade it. but i'm going to remain long it for my lrkt all right, which means i own it in my charitable trust. it's been a big winner for me. exxon, largest oil company. we have oil, utility, and we have tech. you can't even both of these. now, they both have the exact same yield. att has the iphone. verizon has fios. these are six, half dozen of another. why have i been emphasizing verizon over at&t? bays like the wireless growth of verizon. so i say do that one.

and then let's add a health care company play. i have been recommending abbott labs for my charitable trust, actionalertsplus.com. i think you should do the same. let's go to arthur in new york. arthur. >> caller: boo-yah, cramer. >> boo-yah, karth. >> caller: how are you doing today? >> not too bad. >> caller: can you tell me if i'm diversified? >> certainly. >> caller: i have prudential, pru. >> okay. >> caller: cooper industries. cb. mosaic. mos. directv, dtv. and warner. wcrs. >> warner chilcutt. let me make some judgments here. cooper, i just sold this for my charitable trust. it had just run too much, frankly. diversified industrial very much like emerson, very well run. sometimes things move too much. directv. i believe this is a very well-owned company. i've been behind it for a long time. mosaic is the fertilizer company. i prefer potash, pot. prudential, own this for

actionalertsplus.com. why? very inexpensive insurer that is incredibly well run. warner chill cott is one we like because they bought procter & gamble's prescription drug business. we have a consumer products, injured, insurer, entertainment play. well played. i've got to tell you something. i've got to hand it to all our people. they've really nailed down the game today. including our friend who did at&t and verizon and what's asking correctly which one to be able to sell. stay with cramer. >> announcer: coming up on the "lightning round," the market's top mind goes high octane to put your stocks to the test. and later, cramer checks his in box on an all new "mad mail." all coming up on "mad money." natural gas is a cleaner burning fuel,

yet a lot of natural gas has impurities like co2 in it. controlled freeze zone is a new technology... being developed by exxonmobil... to remove the co2 from the natural gas... so we can safely store it... where it won't get into the atmosphere.

exxonmobil is spending more than 100 million dollars... to build a plant that will demonstrate this process. i'm very optimistic about it... because this technology could be used... to reduce greenhouse gas emissions significantly. ♪

it is time! it is time for the "lightning round" on cramer's "mad money." and what might that be all about? 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. just to be clear i don't know the stock questions or the callers ahead of time. my staff prepares the graphics on the fly. we play until we hear this sound -- [ buzzer ] . and then the "lightning round" is over. are you ready, skee-daddy? it is time for the "lightning round" on cramer's "mad money." let's start with john in illinois. john! call hi, jim. boo-yah. >> boo-yah, john. >> caller: i don't know if this is part of the mobile tsunami or not, but what do you think about millicom international? >> i've always liked millicom. that is one of the fastest growers. it's still been terrific.

i'll add american mobile while i'm at it. so i think you've got a good one and i would stay long it and continue to own it. let's go to erica in florida. erica. >> caller: hello, cramer, how are you? >> all right, erica. how are you? >> caller: i'm so great. i'm so excited to speak to you. >> same. >> caller: okay. so i'm calling you asking about saks, sks. >> upgraded today. you know how i feel about high-end retailer. nordstrom's, tiffany is really rocking. ralph lauren seems to be rocking. i think saks is good. we interviewed and spent a lot of time with saks during the holiday season. we like the growth plans p and i think you've got a winner there. let's go to matt in georgia. matt. >> caller: hey, jim. matt from atlanta here with a gator nation boo-yah to you. >> excellent. thank you for that southern boo-yah. how can i help? >> caller: i want know how you feel about symbol st. >> this reminds me of a young and aggressive emerson, a lot of control business, also in the

technology business for aerospace. the stock is not high enough. i think the stock can go higher. i'd like to pull the trigger and buy right here. new deal that i like. charles in new york. charles! >> caller: hello, jim. boo-yah. >> boo-yah, charles. what's up? >> caller: i'm looking at zmh. zimmer holdings. >> i like that group. i think that group has been through a lot. why? because of the worries about medical device taxation. i feel the same way with stryker. but you know what? i like that company. and i would buy it here. >> buy buy buy! >> let me add that i also like st. jude, which i know has doen controversial. and one of the biggest positions for my charitable trust, where i just made my distribution to charity, is abbott, which has both high-growth drug and medical device. that's the best way to play it. let's go to shawn in new york. shawn! >> caller: a big, big boo-yah, jim, from queens, new york. >> queens. some of the best food in the

city. what's up? >> caller: i wanted to ask you a quick question on philip morris. wanted to see where you think philip morris is going within the next six months or so. >> philip morris here. now, remember, altria, which i own for my trust is the one that's higher yield in domestic. philip morris is the growth company that they split off international. doesn't have as high a yield. does have better growth. and the answer is i like it. you've got almost a 5% yield with some terrific growth. [ buzzer ] so p.m., i'd pull the trigger right here. let's go to rich in my home state of new jersey. >> caller: big boo-yah to you. >> nice. thank you for calling in, home counter. what's up? >> caller: i wanted to know about bgc partners. >> bgc partners. that's run by mr. lutnick. you know, over-the-counter instruments, this business is very strong. derivatives is strong. it's got a yield. i like it. i'm a little surprised it's this cheap. i actually am very excited about that stock. that looks like a good -- 1.3 billion. that seems look a real good stock to own right here, right

now. let's go to lindsey in florida. lindsey. >> caller: jim, thank you for taking the call. here's what i want to ask you. when you pick a stock like x, u.s. steel, or cls, like abbott controls, and you guys say that these stocks are going to go straight up and they're going to shoot to the 80s and 90s, is that like -- does that include a 10% pullback on the way up -- >> it could. but lindsey, let me tell you, both those companies you identified, cls and x that were owned by a lot of hedge funds that ran out of business or ran oust money. they sold the stocks on the way down. i prefer not to look at where the trough was because the trough trough sun natural. i think cliff has a bigger up side. i'm not going to recommend letter x not when i've got nucor stuck at 45. gave a conference call for people who follow my charitable trust and i said you know what, i'm so close to buying nucor, i just wish dan d'amico, the ceo, were a little more upbeat.

then i would be upbeat, too. and that, ladies and gentlemen, is the end of the "lightning round"! >> he was right. >> these firms are going to go out of business -- >> at that point we were at the beginning of this great panic. >> he's nuts! they're nuts! they know nothing! >> he was right. strategy. and strategy... is all about information. so i start my trading day... with td ameritrade's morning perspective. that's interesting... or, look at this... i can mine their weekly webcast for ideas. this is what i need. of course, ideas are just the start. so now i can drill down. heat mapping... heat mapping shows me where the money's moving. 2,500 stocks... one quick glance. cold... cold. hot! right there. look at this-- pattern matcher...

pattern matcher spots technical patterns, automatically. wow, look at that. look at that head and shoulders right there. it's like pattern radar. pattern x-ray vision. plus, this amazing gadget... called the telephone. i can call td ameritrade anytime and talk trades, strategies. anything. that's where the action is. td ameritrade. built by traders for traders. announcer: trade commission free for 30 days plus get $100 cash, when you open an account.

before we get to mail, i've got some housekeeping to take care of. we had three smoking hot ipos today of companies that i told you about earlier in the week. so it's time for an update on what you should be doing with them now. first, on monday i told you to try to get in on maxlinear. that's a semiconductor company that's a play on delivering faster video over the web, including video to your cell phone. i said you could buy as much as you wanted of this one at $13 and to cut your position in half at $15. maxlinear ended up pricing at $14, then opened up 28% at

$17.95 before closing at $18.70. hey, look, if you got stock in the deal, please ring the register on some of it. if you didn't get any maxlinear, well, this one's now too hot to chase. same goes for calix networks, the broadband access company that came public at $13 today, then opened up 31% at 17 before coming back down to close at $15.10. well, i think this one could go as high as 18. i would wait for more of a pullback before buying it in the after-market. the one i really like which i told you would be okay to buy in the after-market yesterday is first interstate bank system, which priced at $14.50 before coming public at 16. i -- opening at 16. i'm sorry. i said it was okay to buy at 16 or less. where it's trading at one times book value. that's essentially its cash on hand. and given that it closed at $15.70, first interstate is still attractive. now, let's speak philosophically about this. all day today you may have heard about these hot deals. and a lot of people come up to me and say jim, why didn't you

inform me? i would have loved to have been in on a hot deal. so for those people i do the work to say look, these are the ones that are hot and where you should buy. other people tell me, jim, that was a lesson in aggravation, i went to my broker, i couldn't get any of those, i think it's . i think it's unrealistic you put the expec tagdz tations in our . others say i use a different broker who doesn't get these at all. my many different constituencies should be addressed all the time. what i'm going to try do is talk more about these in advance. if i have the available information, that's not always the case. so you might be able to put in orders earlier so it's not like you're johnny come lately. i addressed that problem in getting back to even. if you want to know how this works, buy the book. i also can't back away from talking about these entirely because then i don't fulfill a key mission of mine which is to

say, you heard about it today, i'll tell you about it the day before. i was a big player in the ipo market. i think you want that skill. i should point out it's not for everyone, but menry of the stocks aren't for everyone. so i am indebted to those who say thank you for getting me in, of which many have, and i extend my sympathy to those who wur not able to get in, but please understand why i do it. it's trootry to make money. here is an e-mail from christopher from benton, illinois. my question is regarding hight hotels. that's a deal that i didn't talk about. that was a mistake. that's one of the reasons i started talking about them. resisantly, the stock has been on a tear, 66% since the ipo. my girlfriend who works for the company was talking about a trading blackout for any management. does the trading blackout have anything to do with the recent

price jump and is this normal for companies to do? yes, there's a blackout period. it revolves around being close to the end of the quarter where some in the company might know what the company will do, which puts them unfairly in advantage. so the company blacks out everyone. it's a good posally. it's a right policy. some say it's just plain the law. >> mario in pasadena says, hi, jim. love your show and thanks for all the adslice. i made a mistake on stak. should i take my lumps? i think they're a poorly run company. immediately, they're say jim cramer is inaccurate in calling them poorly run. i look at the company and it disappoi disappoints, that would be like saying it's great. that would be like saying the

76ers are great, so what if they have been eliminated from the playoffs. that company is not doing well, i would not own it. here is one more. this is from darren in wisconsin. jim, try to buy your book "getting back to even "at barnes & noble and said it was special order. i'm surprised because i felt i was a good partner of barnes & noble and i hoped they would stock my book. we had pretty good sales, i don't understand that, but that's the way the book crumbles. david writes, boo-yah. i'm writing you from shy-town, so i have no teams to root for. what is going on with weatherford, wft? is it going to be stagnant or should we buy more because this is more of a second half of the winner? when i did my call today with the chairman's club of people

who subdescribe, i went on and said this was the cheapest oil service play. a lot of business interactive. there was a negative piece put out about how they would be in trouble with the foreign corrupt practices act. i think that's fully integrated into the stock, and i would still buy it and buy it aggressively, wft, as i told subscribers right here. "mad money" is back after the break.

bank stocks are starting to do well. keep an eye on them. you know i like them. i might have one for you tomorrow. there's a market somewhere, and i promise to try to find it for you. i'm jim cramer. i'll see you tomorrow. king dollar is a game changer. get ready. it could be zero interest rates forever. 36% of tax filers don't pay taxes. that's an outrage. and too big to fail is over. by the banks.