“Oh, doctor! Eli Lilly (LLY) blows up and it goes higher. You would think it is a steel company! Now, here's what I know about Eli Lilly (besides the fact that its bountiful dividend can be covered easily out of those earnings): It has a fabulous chart, and in an endlessly technically driven market, that means upside. Last weekend I bumped into my old friend Justin Mamis, the godfather of technicians and a teacher of our own esteemed Helene Meisler. We had the following discussion. It went like this: "Hi Justin." "Hi Jim, the pharmas have bottomed. Lilly is rock-solid and done going down." So what do I do? Like a moron, I look at the fundamentals, I know they are about to talk, I sense the numbers are too high -- that's the case for almost all big pharma -- I know that stocks get hammered when they cut numbers, and I know to stay away. Oops! Now, I know people are willing to believe that Texas Instruments (TXN) and National Semi (NSM) and Broadcom (BRCM) have bottomed even though there is nothing good about to happen to those. I don't get that. But when I scan what Lilly's saying, I do get the sense that, at last, the worst is over (although I don't like Tom Daschle as my drug czar, as he might be willing to use the government's buying power to hold down the cost of Lilly's drugs to Medicare). My point: I like a bottom where there is a base and where there is a reason -- that's what we are getting with LLY. I don't like a "bottom" where numbers aren't low enough and the prospects are for more bleak numbers. And I wish I had just listened to Justin without doing homework!”

From a recent Mad Money show:"I like Citi and think Citi has bottomed, but it's trading at the top of its range right now. Let's let it come down $5 before we pull the trigger."

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From a recent Mad Money show:"I've been seeing some of the Brazil stocks starting to rally. I think it's right to pull the trigger on this one."

From a recent Mad Money show:"I am insulted by the way this stock has traded since they reported earnings. They reported blowout numbers and now it's down. I say buy at $55."

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From a recent Mad Money show:"I want to own IBM. I think they've done a lot of good things over there. I think this stock could see $92 a share by the end of the year."

From a recent Mad Money show:"You may have to wait 18 months to see the next move in Nokia. I'd hold onto it, but I wouldn't buy more."