Wednesday, October 11, 2006

What Cramer Said Today on RealMoney Radio

RealMoney Radio Recap: Hightail It Into Tech
By TheStreet.com Staff10/11/2006 3:25 PM EDT
...Alcoa (AA - news - Cramer's Take) gave a "horrendous report," last night, said Jim Cramer on his "RealMoney" radio show Wednesday.
The company totally missed its guidance, and as a result, "a lot of people panicked out of a lot of stocks," he said. People were dumping stocks like Alcan (AL - news - Cramer's Take) and Phelps Dodge (PD - news - Cramer's Take), but now it seems they've come to their senses.
Investors have realized that Alcoa is simply a victim of bad management, he said, urging them not to be put off by the stock.
"It reminds me of Sirius Satellite Radio (SIRI - news - Cramer's Take)," Cramer said, which is doing well, but when XM Satellite Radio (XMSR - news - Cramer's Take) missed its projections, all people cared about was how bad XM was doing, not how well Sirius was doing. ..read more: here