from www.247wallst.com.....
On Jim Cramer's STOP TRADING segment on CNBC at 2:45 PM EST, Cramer was discussing how to play oil prices dropping and a crock of something.
Now that oil has gone to $60, Cramer said he is tired of torture House game because that homebuilder group was the best performer over last month.
Cramer says Sell alternative energy stocks, particularly Ethanol plays. He says even sell solar power. He is discussing the stocks, not the technology. They showed SunPower Corporation (NASDAQ:SPWR), FuelCell Energy, Inc. (NASDAQ:FCEL), Aventine Renewable Energy Holdings, Inc. (NYSE:AVR), Verasun Energy Corporation (NYSE:VSE), Ballard Power Systems, Inc. (NASDAQ:BLDP). He said he is talking about the stocks, not the company.
Crocs, Inc. (NASDAQ:CROX) is up 6% and Cramer thinks they will preannounce upside to the quarter tomorrow at an investor conference presentation. He likes the closed toe cold weather and Disney deals. He says they are hot and go higher. He also noted for the short sellers to watch out.
Cramer says sell alt.energy names, buy CROX
Posted Sep 25th 2006 2:49PM by Jon Ogg
Filed under: Analyst reports, Crocs Inc (CROX)
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Reader Comments (Page 1 of 1)
9-25-2006 @ 4:59PM
Leon H Loewenstine said...
Altair is testing a car powered by a nano-battery on Wed and it will travel 200 miles at a speed of 100 miles per hour and recharge in 10 minutes.When this workes and it does it will change the hybrid system. Also their battery does not explode and don't know why Sony,Dell or Apple has not checked this out, it is the answer to their problem.
9-26-2006 @ 3:22AM
Gary E. Sattler said...
I'm not sure how Mr. Cramer came to his conclusions.
Here's mine and I'll tell you how I reached it.
Now's the time to begin (very slowly please) exiting petroleum stocks.
First, this summer Mr. Bush and the gang ran a very nice test for us. They did it in plain sight of everyone. They got the answer they were looking for but I don't think they're liking it. Fact: at $72.00 a barrel crude oil loses it's competitive edge. When gasoline crests $3.20 a gallon average, nation wide, the viability and profitability of other fuels for internal combustion and such becomes real. Bush knows it. OPEC knows it and now we know it too. Thanks for exposing that fact guys!
Second, just last week a tri-billionaire announced his distain for fossil fuels and his intention to leave them in the dust. Do you think it's because he's got some buddies in the Sierra Club? Do you think he's stupid?
Third, the volitility of fossil fuel investments was splattered all over the investment world just a short time ago when we witnessed a loss of about 35% of the value of an assumed to be solid investment fund. The matter is under investigation... too late now boys!
Fourth (but not final), we received word today that the United States armed services have declared "we don't want diesel fuel any more, give us something else!" General Motors Corp. sat up and smiled saying, "We can do that!"
The days of record profits for oil companies shall soon end. They've reached their peak. They no longer hold us hostage. That's why the price settled back down so quickly and by such a large margin. Those dudes recognized the top when they hit it. They're not dumb... but they gambled just a bit too long and now they know we're not dumb either.
Should have held at $2.99 oil boys... we might have ridden that pony a little longer!
Ethanol anyone? We're making it from wood chips you know. Methane sound good? We're making it from garbage. Just ask Johnson & Johnson ... they know.
Now YOU decide where the money goes.
Gary