Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Thursday May 19.
LinkedIn (LNKD), Netflix (NFLX), Sina (SINA), Baidu (BIDU), TheStreet.com (TST)
Cramer had strong words about the LinkedIn (LNKD) IPO: "This is the most outrageously overvalued ridiculous thing I have seen...it is preposterous. It is wrong." Cramer recalled the IPO of his company, TheStreet.com (TST) and his pleading with the Goldman Sachs desk not to do a sliver deal that would offer a tantalizingly low number of shares to create a pop in the stock. "I was screaming to the Goldman Sachs desk, 'Don't do this!'...I have seen this and I have lived through it." He is concerned about the return to the laissez faire policies of the Bush Administration during the explosion of the dot.coms.
Netflix (NFLX) is a better stock than LinkedIn, with a $12 billion market cap, 24 million customers, strong growth and profitability.
Cramer is hoping Sina (SINA) rises higher so he can remove his recommendation; "I feel uncomfortable with any stocks that are levitating like this...they are going to work for a while," but eventually Sina will drop. The only Chinese stock Cramer recommends as an investment is Baidu (BIDU).
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