GO
Loading...

Mad Mail: Sell Bank of America?

Jim: You recently had the CEO of Family Dollar on your program. I was impressed with the presentation so I bought FDO. However, the stock is not performing well even though their Q3 report was not bad. Do you feel this stock is worth holding or should I take my loss and move on? –Jerry in Missouri

Cramer says: “This is a tough call. Remember, I didn’t like the stock, and then it got down to $28 and I said I think the downside’s over. Here it is right back there again. So all I can say is I think the downside’s over. That’s not a great reason to go buy something, but it’s certainly not a reason to sell it.”

___

Hi Jim: Thank you for all you do for the little guy. You have allowed me to realize some cool gains this winter and buy a "new sweater." I closed my Bank of America position two days ago after schnitzeling all the way up and added JPMorgan Chase and Kinder Morgan Energy Partners. Do you think this was a wise decision? By the way, we had some great striper fishing down here this season. –Peter

Cramer says: “I didn’t the exactly the same thing you did for my charitable trust. I schnitzled a little, meaning I took a little Bank of America profit off. I plowed it right back into JPMorgan. I did not do Kinder Morgan Partners. You are really making the right move, Peter. But I still own some Bank of America.”

___

Hey Jim and Staff: A few months back, you came up with defense index including L-1 Identity Solutions and Cogent. Do you think Novell could be a similar play? NOVL’s gross margin is about 78% and they have reaffirmed earnings guidance going forward. Also, they’ve recently partnered with SAP and are landing corporate contracts for identity and security solutions. –Mike in New Jersey

Cramer says: “I would not buy Novell for that reason. You want a pure play on the identity solutions, you have to use the Cogent and the L-1. Novell’s too diluted. You have the wrong call there. I don’t want you to go with yours. I want you to go with mine.”

Is Chart Industries a buy? Watch the video for Cramer’s call.

Cramer's charitable trust owns Bank of America and JPMorgan Chase.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

Symbol
Price
 
Change
%Change
BAC
---
FDO
---
JPM MLP ETN
---
KMP
---
SAP
---

Featured

Contact Mad Money

  • Showtimes

    U.S.
    Monday - Friday 6p ET
    Australia
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.