When a stock gets beaten down that fast, eventually that stock will have an up day; the net sum is still negative when all the figures are tallied though. That being said, I think we have somewaht of a buy here; the fundamentals haven't changed. I would've taken profits when the stock rode over 50; one can never regret making $$$ (we can never know when a stock hits it's peak/over-bought).
Generally speaking, Cramer has been more wrong than right (essentially, his show is just for entertainment); sometimes he gets "it" right, but then, don't we all at one time or another!! As is with all of the "Professionals" in the economics world; if they knew all the answers, we wouldn't be in a recession.
I won't bash Cramer as I find him entertaining and do occasionally learn somehting from his show but I don't see the housing crisis having an impact on Dolby like he said.
Now the consumer slowdown is a different story but after getting a 20% haircut last week I think its too late to sell now. Buy in small increments on the way down because this solid company will bounce back quick when things eventually turn.