You got it right.
See Cramer's history:
http://money.msn.com/top-stocks/post.aspx?post=9bcf6153-670d-4e56-81aa-fe783934e0c5 (see comments)
Most of the time I buy when he says sell and sell (always) when he says buy, but in this rare case he was right. I might at some point play the bounce but I'll never invest. Tons of debt and other bad stuff. See Finviz.
Cramer has some wisdom mixed in with gobs of random market thoughts. that's why he's getting a paycheck from CNBC and not working out well at a successful hedge fund. Hard to trust him as a "professional". You do know that "stay away from AONE" means to short it, correct? That was back in the $1.00 range. I suppose he may change his mind now.