Wednesday November 29 2006 Recap of Mad Money with Jim Cramer

Wednesday November 29 2006 Recap of Mad Money with Jim Cramer

Show Theme: How the market really works.

Why does Exxon keep going up?

A large hedge fund needs exposure to the commodity of Oil. They buy XOM becuase its a core holding. It is a for gone conclusion that XOM is going higher and higher. Mutual funds are filling up their positions on XOM. XOM going to par (100).

Exxon Mobil Corporation

(Public, NYSE:XOM)

Caller: Something something something.

Cramer: XOM is the anointed stock.

Caller: BTU should he cut his loses.
Cramer: No No No. Natural Gas is going high and is bringing up Coal too.

Commercial Break:

Secrets of how Mutual Funds work:

Monday was bad soley for mechanical purposes. Mutual Funds were locking in their profits for the year. Mutual Funds will buy relentlessly over time. Buy high sell high. This is what is happening of XOM as the Mutual try to buy a meaningful position in the stock.

Symbolism. A diversivied Mutual needs some exposure to XOM. Annoited stocks or core holdings Boeing. Bank of the America. Google. Cisco and Apple.

Bottom Line: Mutual Funds decide where stocks go in the short term not you.

Caller: No exposure in the Oil sector. Individual stock or ETF.
Cramer: ETF you get the best and the worst. DVN if you are risk taker. If you just want to play along till the year ends XOM.

Caller: DUKE energy share price as the blah blah blah blah energy shares.
Cramer: Stay away from DUKE

Commercial Break:

Its Time for the Lightning Round:
.
1-800-743-CNBC Mad Money Phone Number for the Lightning Round.
madmoney@CNBC.com

Caller's Stock : Jim Cramer's Recommendation
PALM : Buy 10 shares of RIMM
MU : Go MRVL. Old tech vs. New Tech.
UNH : Pull the trigger. Average down. UNH will lead the rally in health care.
BKC : Sell Sell Sell. Buy Olive Garden
PIR : Sell Sell Sell.
BSX : BSX has seen bottom or buy JNJ
GM : Train wreck. Get TM.
ATI : stock of the year.
HEES : Not Best of Breed. Rather see you in Tarax?
something housing : sell sell sell
HAL : The most undervaulued of all the service companies.


Commercial Break:

Am I Diversified?
Caller: CSCO, HAL, MER, WAG, GS
Cramer: Not Diversified. Cannot have two brokers have to sell MER or GS and Cramer picks MER to sell.

Caller: QCOM, CSCO, NOK, BBY, FD
Cramer: Not Diversified. Three kings of Tech. QCOM, CSCO and BBY. Sell QCOM and NOK. Get a bank or health care

Caller: MSFT, MAG, SAIC, SHLD, GOOG
Cramer: Not Diversified. MSFT too much overlap with GOOG. Sell MSFT... two techs.

Commercial Break:

Mad Mail

Email : something about the weak dollar stock plays... won't analysts factor that into the stock
Cramer : Analysts do not do that.

Email : ? something boring.
Cramer : ? a boring answer.

Email : ARNA . Jump ship or backup the truck
Cramer : Cramer hates ARNA management.

Commercial Break:

SUDDEN DEATH: Booyah FREE ZONE

I missed the sudden death because of the dumb Nintendo kid BMW commercial is SO FUCKIN ANNOYING that I change the channel so I do not have to hear the screaming. That shit is so last year. Come on BMW get with the program.