i told you to dump it in favor of potash. when business is not good, stick to the companies that can pay out big dividends no matter what so they can support the stock. not the ones about to proclaim business is going to get better and better. i didn't pay attention to corn, to wheat, soy. farmers buy fertilizers to grow this stuff. so the prices are very telling for the fertilizer business. despite potash's bullishness, corn and wheat prices were still dropping. soy was flat. farmers aren't going to buy more fertilizers when the price of their crops is falling. that's common sense. i didn't pay attention to it. potash's conference call lulled me into believing things were great. it should have been obvious they were selling into a down market. the technicals were bad. the top stock newsletter, the writer of that taught me how to read charts. she told me the potash charts should be short. i don't believe you should totally rely on the technicals. i should have given more credence about what she had to say. that's why you use

potash inventories.ventories are still uncomfortably high. and if you look at the gain market, the fundamentals in the grain market, it just isn't there for potash right now. >> i don't think this is a big surprise. we've heard it from k & s, mosaic other, guys that the demand is not there. if they're not cutting their contract prices and there's big negotiations going on with the chinese right now, these guys -- this isn't a surprise. they've guided here. i don't think the market's going to take it down too hard. i see it trading down here. i would own potash here. i think you might get it lower, but this is a great -- >> agrium weakness on the back of this news? >>er, you're buying the whole space. mosaic is in play, agrium in play. >> just aw great example, friday night news never a good thing for your stock. never, never. >> monday. watch it monday. pot. coming up next speaking of casino stocks we'll go one trader on a vegas bet gone wrong and tell you what your next move should be. you're watching "

drop for potash. down 4%. joe. >> potash on friday came out with some negative news. i thought the stock actually performed relatively well right now. there is anime mai premium in the stock. but also keep in mind this. potash has a very high correlation to oil. if oil continues to roll over, potash is going down with it. >> pop here for mr. humble, bob. top place at the 2009 burrito-eating championship on friday, putting back 33 burritos in just ten minutes. humble bob, as he is known, then moved on to a grits-eating contest in louisiana, where he once again took first place, downing 20 pounds in ten minutes. he did say that he could probably do 24 pounds, have more capacity on the grits, had he not done the burrito-eating contest. >> sure. probably known as gassy bob around his house. >> he's a vegetarian, by the way. putting down all those burritos is even a bigger accomplishment, bob. is that little cup really enough? try it!! [ female announcer ] when something's so good... now, that's what i'm talking about!! [ female announcer ] ...you only need so much. the sa

fertilizer names like potash, mosaic, et cetera, were up by just about 2%. dennis, do you like this play? >> well, to be honest, i was -- in my hedge fund iwas short a little potash for the past couple of days and found myself having to run because it went up through some moving averages caused me get on out on the outside. i think what you ended up having in potash, i look at the charts, and say to me it really looked quite terrible for the past several days. and i think you're taking a look at next year, knowing what soybean prices are now compared to corn prices there is going to be more soybeans planted next year which means less nitrogen being used because of the decline in cotton -- or the corn production. >> hey, dennis -- >> i think that's what put potash down but today it went up. i covered, i got out. >> dennis, let me ask you -- dennis, it's joe. >> hey, joe. >> look at commodity tape right now it's a little bits of a mishmosh. one of the best performing commodity it is this year has been sugar, up 69%. >> you. >> i know that yooufl been bullish a

can potash hang on to the gains?ake a look at pot ash and whether you should be hanging on to the fertilizer, because you clicked. michael, good morning. thanks for being with us. you don't think people should be buying potash? >> i don't. specifically potash, we have concerns about. looks like very fully valued. really nice run here. at the end of the second quarter they had very high inventory levels because their sales levels were very low in the first and second quarters. we think in the third quarter that the volume is also very, very weak. and you know, although we are constructive in terms of our earnings estimates for next year for a big pick-up in demand, potentially in the spring, we are not optimistic about the third and fourth quarters in terms of the pick-up in forth q pick-up in volume. the key reason, the corn crop was planted late and so it's not going to -- it's maturing and will be harvested late, so harvesting will take place in october and that leaves a very narrow window for planting or actually

fertilizer, pressure after potash said the third quarter is at the low of expectations. let's get a check on the nasdaq. >> we've been in a tight range. we have held on to more strengths than anywhere else. biofarm is strong, tech strong. google, 52-week high. pulled back a tiny bit from the high of $498 and change. up 1.2%. dell, we talked about it today. $30 a share. getting into i.t. services. down 4.4%. closer to some of its lower levels. ebay down 0.9%. i want to touch on yahoo! real quick. it has to do with ebay and google. ebay use will google and not yahoo! for its search ads. that under pressure today. underlying tech seeing a lot of strength. net app up 3.9%. molex, 5.6%. they raised their guidance. novellus is up. mr. hartman has given me so many names today, i think he needs his own show today. celgene is up. and by ohgen idec is up. charles schwab is up. let's go down to bertha. i'm sure you're going to touch on mr. king dollar. >> that's right. traders are saying that dollar traders were covering a bit of their shorts. their bets to the down side on the dol

. >> i know you have been watching like, potash, and -- >> this is a different name in the space because most of those names we talk about are really the fertilizer. i think this presents an interesting opportunity to look for stocks that actually have a great earnings potential and you have that up side potential whaf knee got in your biotrek field for them. that's all the rest of the bioag space, and that's what makes them very veshgs interesting still, and when they give up $3, $4 hold back, that's when you have to look at somebody. >> and see the difference between mosaic and moncamto. the bottom line, this is a company that makes herbicides. that's 28% of the revenue base. look what's going on in this. aggrium will go hard after cs. arguably you could say that -- we talked about that. >> potash could be in play, but you've got the largest fertilizer pruters in the world. yield needs to go back up, and there was a lot of coming in the space. >> on the montana -- first of all, the -- we knew during the surl this was just the official pooh flushing out. this is not a name that's run mu

. >> i like the 8% yield, but remember what i did is i switched and said buy potash. did say buy right here, 94, 95. it's still right here. i need you to be in potash for capital appreciation. tnh for dividend protection. louis? >> caller: what's up, jim. ba, ba, boo-yah. >> give you a jumbotron boo-yah. >> caller: it's only the 20 to the 20, right? >> you bet. >> caller: jim, what do you think about the stanley work? >> at this point, stanley work and black & decker have had such unbelievable moves. i would like a cool 10%. but stanley works is very well run. the end market for housing's come back. no one believed me except the people who owned stanley work. craig in oklahoma. craig? >> caller: hello? >> you're up, craig. >> caller: a boo-yah, mr. cramer. how are you. >> jim cramer. good to have you. what's up? >> caller: i am from oklahoma. >> thank you for calling. >> caller: atfg, applied signals technology. little or no debt, positive guidance. reaching acquisitions. nice contract a month ago and even paid a little dividend. up 2%, what do you think? >> i'm not g

i say stop worrying, buy some potash, sell the andersons. and the "lightning round" is over! bull market or bear, traders are always hungry for ideas. 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. i've still got room for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small, so it goes places other laptops can't. anything before takeoff mr. kurtis? prime rib, medium rare. i'm bill kurtis, and i've got plenty of room for the internet. and the nation's fastest 3g network. (announcer) sign up today and get a netbook for $199.99 after mail-in rebate. with built-in access to the nation's fastest 3g network

pete, i know that you've been watching like potash. >> this is a different name in the space becauseost of those names that we talk about all the time are in fertilizers. this is seeds. the roundup and the rest of it. i think this presents a very interesting opportunity. you look for stocks that actually have a great earning's potential and you've got that upside potential of what they've gotten in their biotech field for them, that's the rest of the bio ag space and makes them very interesting, still. and give $3, $4 pullback and i think that's when you have to look at someone. >> what mosaic and man santo. the bottom line as we aides company who makes herbicides. that's 28% of the revenue space. is going to raise another billion dollars to go hard after cs. arguably you could say that mosaic is in play. we've talked about that with some of the others. potash could number play but again you've got the largest fertilizer producers in world that are in play because although corn prices are down, yields need to go back up and a lot of cutting in this space. >> yeah, and on the montana

>> caller: potash, p.o.t. >> it's come under pressure. the whole fertilizer cohort going down. remain convinced that p.o.t. remains a buy, that after we get through the chinese buying season we're going to see potash go back up. it's my favorite fertilizer play. and i still want to sell sell sell mon, which is monsanto. bill in delaware. bill. >> caller: boo-yah, mr. cramer. thanks for teaching people how to fish instead of giving them just a free meal. >> yes. by the way, i caught a 28-inch striper. and it was darn good. i made it way little bit of lemon and a little bit of butter, not too much. i should have used olive oil. but i didn't feel like i had a cholesterol problem. what's on your mind? >> caller: back around may or june i thought you said you liked sprint anytime it went underneath the $5. and i'd like to know how you feel about it now that it's below $4. >> that was a little bit earlier, and it was the best-performing stock in the s&p 500 in the first quarter. now amd. hey, what a monster. hold on to it. hoorz the problem with sprint. we suddenly have a justice dep

i say stop worrying, buy some potash, sell the andersons. and the "lightning round" is over!ng] the way the stock market's been acting lately you may wonder if you've been doing the right thing. is the advice you've been getting helping or hurting? are the fees you're paying really worth it? td ameritrade's fees are fair and straight-forward. their research is independent and unbiased. their investment consultants are knowledgeable and there when you need them. so why not talk to one? announcer: call today to schedule a free investment check-up, or visit a td ameritrade branch. but i've still got room for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small, so it goes places other laptops can't. i'm bill kurtis, and i've got plenty of room for the internet. and the nation's fastest 3g network. gun it, mick. (announcer) sign up today and get a netbook for $199.99 after mail-in rebate. with built-in access to the nation's fastest 3g network. only from at&t. when she started forgetting things, i was hoping it was nothing. grandma! what

and potash, which is very dangerous to wind up going short. that's not going to happen. >> i think the one mistake people are making when you're talking about selling is selling exxonmobil. look what it did last year into january. if you believe there is going to be market uncertainty, here's a great company with the best balance sheet basically in the world that has exposure to energy. i like exxonmobil. >> the problem with exxon is it trades with the market and not with oil. if you think there is going to be uncertainty in the middle east, the whole market will come in and take chevron and exxonmobil. >> i think the mistake is buying a name already up 43 this quarter. >> i love when you do stuff like that. the trader hat. i'm so with you. >>> coming up, nike's earnings and what to do with apple before they launch the iphone. we're talking about china. how can you get your retirement plans back on track? consider oppenheimerfunds, whether the markets are up or down, we follow a consistent investment approach. ask your advisor about oppenheime

two stocks to watch today, potash is lower today. lowering the third quarter outlook. and lennar reported a wider third quarter loss because of charges. now let's get a read of what's hamming at the nasdaq. for that we go to brian shactman. >> thank you, mary. we're giving up a negative open here. dell is the story of the day. i won't redevil inlve into the details. interesting story in the l.a. times about google. they're going to have to do something in china, market themselves. obviously some challenges involved with that. also, reports out there the new ad exchange might be about 400 million added to top line revenue. of course, we're still sort of monitoring what's going on with their digital book deal. always seems to be something going on with the courts. yahoo! is all around me right now, basically barron's saying over the weekend they're emerging as a value play. all the people who thought there was a deal in the 30s with the microsoft, they're gone. holders are in. ubs is saying ebay is using google and not yahoo! for the search ad. also want to say another l

add to that we have potash, a fertilizer company warning for the third quarter and in general the ak cultural space is weaker today on the back of the news of those companies. >> thank you very much. i'm going to send it back over to larry. >> i'll take it, actually. >>> senator chris dodd is proposing the merger of four bank agencies into one super regulator. but he doesn't want that to be the fed. both differ from what president obama envisions. how feasible is the plan? joining us now to discuss, "new york times" reporter and matt mccormick from ball gainer investment counsel. if i have four things sitting on my desk and i toss them all into one bag, i don't know how that's an improvement. i understand some think this would streamline the system. you get rid of those inefficiencies by having that many people in one spot, don't you? >> the good is there are efficiencies to be had. there is overlap in the system already. the bad news is somehow these things are supposed to, or these different departments are supposed to act as a checks and balance on each other. they didn't. there's

. >> hey, dennis -- >> i think that's what put potash down but today it went up. i covered, i got out. >> dennis, let me ask you -- dennis, it's joe. >> hey, joe. >> look at commodity tape right now it's a little bits of a mishmosh. one of the best performing commodity it is this year has been sugar, up 69%. >> you. >> i know that you've been bullish and i've been bullish and i think that both of us will remain bullish throughout 2010. >> yeah. >> how do our viewers play that trade? how do you play sugar rallying for the next 12 months? >> well, to be honest, given what has happened because of the problems in the indian crop and the lack of a monsoon, no need to get into too many the fundamentals but that's what's driving it higher, if you dopt it obviously you buy the sugar futures. that's the way. be careful, it's extraordinary volatile. if you want to do it i think the sophisticated way is to buy the front month sugar, settled back that market goes into backwardation as the supply tightens but the sugar futures is the place to go. ipsu, which is a large sugar m

also lay, mosaic and potash, erin, i love to talk to you about pot, cut from hold to buy at citi group.p. the ball is in your court, as they say. >> i would know nothing about pot. >> or tennis. >> the financial meltdown, a once in a lifetime event, steve liesman sat down with the ecb, chief of the european central bank, jean-claude trichet. steve asked mr. trichet whether the regulatory reform is going away. as we get further and further from the brink of collapse. here's a little piece. >> it would be the major mistake we could do, and always a danger because we took decisions that were extremely bored, extremely not conventional in many respect. we could avoid a meltdown. we could be absolutely stupid to say now business as usual, the market are functioning as a force. we are bound to take in the public, decision, and we are not authorized to do that again. i would say it would be very, very abnormal. we have to get things fixed. >> and that was jean-claude trichet speaking with steve liesman. >>> president obama using the anniversary of lehman's collapse. michelle caruso-cabrera is a