Cramer's been dead wrong on PANL ever since it was in the single digits. He would rather side with a convicted crook (who was trying to bash the stock down last week) rather than admit he blew the call on this stock. He has obviously failed to do his homework.
I watch Cramer for his "market analysis" segment, he has been good at calling Bull and Bear sector forecasting but his stock picking sucks because of two primary factors.
1. He is a "trader" who doesn't include the second part of his stock trades (buy,buy,buy) picks leaving buyers as bag holders before the reversal or (sell, sell, sell) missing out the bottom buy signals for most of his picks.
2. He STILL, after all this time, doesn't understand the difference between LED market potential and OLED market potentials. I don't think he or his staff have ever looked at the technology beyond company revenue numbers.