Hartcourt Companies (fka HRCT)

[CABRALEES]

Shanda Signs
Cramer is calling a bottom in Shanda Interactive Entertainment (SNDA:Nasdaq - news - research - Cramer's Take).
That the stock is trading at about $15, down from $45.40, "takes me right to the edge" of recommending it. But what pushes him over is a recent positive article in the Financial Times and the recommendation of TheStreet.com Internet Review author, James Altucher, he said. "Altucher's been on a roll lately, and the man doesn't make bottom calls idly," said Cramer.

"When a stock falls that hard, when it comes down from above $40 to $15 and then it starts to see a glimmer of good news, you've gotta think it's hit bottom," Cramer explained.

Cramer said Shanda is not a value stock. But the largest provider of online games in China is well positioned as a play on Chinese broadband expansion, he said.

Shanda isn't a great company, said Cramer, but it is a well-positioned one, as online games are extremely popular in China, he said. Expectations couldn't be any lower and the stock couldn't be more hated. "It's time to buy Shanda."