I need everybody right now to stop and listen to Cramer.

I think it's time to sell your Intel (INTC), and start building up a position in AMD.  Buy, buy, buy!

Down 3 bucks today, you got your entry point.  This isn't some short term flipping thing, okay?

Right now, the conventional wisdom is that AMD has had a great run and is done.  And maybe INTC has slipped up a bit lately, but INTC is too big and too nasty not to pull a comeback and put little AMD in its place.

They think AMD is off the tracks.

Frankly, the conventional wisdom couldn't be more wrong.

Anybody who tells you that INTC represents too much value, and that AMD doesn't have the size to compete - I think you should stop listening to them.  They don't know what the heck their talking about.

I like to give credit where it's due.  Doug Freedman helped on this.

AMD has been making a very serious comeback, but you know what?  It is still despised.

Look at what it's doing on a great qtr. And some very smart under promise and over deliver forecasting - that's just what we want is upod.  Down $3.62.  Do you mind if I tell you that is absurd.  But it's also the place where you ought to start buying.

No!  It's the place where you ought to be doing a 'mon-back!

For years, INTC was the champ, and AMD was the red-headed stepchild that got no love.  INTC beat on AMD every qtr.  INTC's dominance lasted so long, and was so unchallenged, that now people just aren't capable to think that INTC - which by the way is run by salespeople - might lose to AMD, which is run by engineers, which is the way that INTC used to be run.

The prejudice against AMD, and in favor of INTC, I think will lose you money.  I think you broke out, and got rid of it.

Not only should AMD take share from INTC, they should take it in the highest margin products.

The INTC/AMD situation reminds me of the GM/Toyota battle.  Where is GM now?  It's a healthcare provider, and it has a sideline business - selling cars to stay afloat.  Cars, frankly, that not everyone wants to buy.

The situation with INTC today is the same as gm way back when.  People think they'll win just because they've always done well in the past.  Things have changed!

You need to be able to look at the facts objectively and understand that if you want to try to make money, and not lose money, it's AMD over INTC by a furlong.

The bottom line!:  I admit I used to be an Intel-aholic!  But I am telling you, I have gotten with the 12 step program, and I am saying right now, a substantial position in AMD should be in your future if you want to make Mad Money!

Todays Stories:

'Oil's Well' -Jim discusses Hurricanes' Katrina and Rita, thier effect on the crude oil business and why you should look at Occidental Petroleum (OXY), an exploration and production company. 

'You Know The Drill' - A continuation of the above topic, crude oil.  This dissussion focuses on Energy Partners (EPL).

'Chipping Away'- Jim tells you why he, a long time Intel fan, now sees Advanced Micro Devices (AMD) as the microchip company to own.

Lightning Round