Market Overview

Mad Money Lightning Round OT: Cramer Thinks That POT Is Going To $160 (NOVL, POT, VHC)

On CNBC's Mad Money Lightning Round, Jim Cramer said that Novell, Inc. (NASDAQ: NOVL) should be sold. He can recommend a takeover target only if the fundamentals are good, and he doesn't like Novell's (NOVL) fundamentals. Novell, Inc. (NOVL) gained 1.70% on Friday.

Cramer suggested to his viewers to continue to own Potash Corp./Saskatchewan (USA) (NYSE: POT). He thinks that EPA will make a decision to increase the ethanol blend limit to 15%, and that will lift corn prices and the price of Potash (POT). Cramer believes that it might jump to $160.
Potash (POT) added 3.48% on Friday, and closed at $145.80.

VirnetX Holding Corporation (AMEX: VHC) is a great speculative stock, thinks Cramer. He added that there is a big speculation in that sector, but this company doesn't have much going for it, in terms of earnings profile. VirnetX Holding Corporation (VHC) dropped 6.34% on Friday.

Posted-In: Mad Money Lightning Round OTCNBC Long Ideas Jim Cramer Short Ideas Media Trading Ideas

 

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