FEATURED SLIDESHOW
Who Is The Worst CEO?Mad Money needed new inductees for its
Wall of Shame, so we asked viewers for
nominations.
RECENT POSTS
- Time to Buy Treasurys?
- Lightning Round: Las Vegas Sands, ADC Telecom, Satyam Computer and More
- Lightning Round OT: Knight Capital, Ebix and More
- Is Lear, Back From Bankruptcy, a Buy?
- Sanofi-Aventis Falling Off a Patent Cliff?
- Cramer: Your Thanksgiving Week Game Plan
- Cramer: Next Week Should Define Rest of ‘09
- Mad Money: Mad Mail: Buy RIM or Apple?
- Lightning Round: Cisco Systems, Citigroup, Baidu.com and More
- Lightning Round OT: Martek Biosciences, Valmont Industries and More
MAD MONEY FEATURES
PODCASTSWatch the Lightning Round whenever and wherever you want.
OFFICIAL MAD MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
CRAMERS SOUNDBOARDAdmit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.
CHECK OUT OUR PHOTOSCheck out Cramer on set, back to school, behind the scenes and more.
SHOP FOR MAD MERCHANDISEBuy Cramer books, bobbleheads and other Mad Money merchandise.
RING TONESPick up the phone! It's Cramer! New Mad Money sounds for your cell phone.
TEXT MESSAGE ALERTMad Money's mobile. Get show highlights sent to your phone.
Text Size 
To round out a week of self-flagellation, where Cramer has been taking the blame for his worst missed calls in the hopes that you don’t make his same mistakes, he confessed perhaps his most egregious blown call yet: Continental Resources [CLR
Loading...
()
].
You’ve never heard about this company from Cramer, and that’s precisely the problem. Continental is an oil and gas company that is actively drilling all over the country. When Cramer found the stock, it was trading just above $26, which at the time was near its 52-week high. But he didn’t pull the trigger in hopes of getting it a lower price.
Meanwhile, Continental kept chugging higher, exploding up to its current price above $54. That’s a double that you could have captured if Cramer had recommended it when he first found it.
Continental’s most recent quarter beat expectations and the company gave a monster outlook. It’s growing production and reserves and spending money on drilling in key areas, exactly what you want in an oil and gas play, Cramer said.
When it came down to it, Cramer didn’t follow one of his own fundamental rules. When you believe in a basic theory about a stock, the price should become inconsequential, he said. The wise move on Continental would have been to put even a tiny position on and buy more if it came down. But Cramer was too cautious, sitting on the sidelines even though the stock’s story was nothing but bullish.
While Cramer hates to recommend a stock at its high, he’s convinced that as long as oil and gas stay strong, Continental should continue higher. He’d put on a small position and wait for a pullback to buy more.
Questions for Cramer?
Questions, comments, suggestions for the Mad Money website?
Data is a real-time snapshot *Data is delayed at least 15 minutes