Thursday, October 18, 2007

Cramer: Stop Trading!

Jim cramer tells you of 3 stocks that you should not be messing with. Get rid of them and stop the madness. These stocks are in trouble and not worth your investment dollars.

New York Times (NYT): Cramer says NYT badly needs to be downsized and is not a stock worth owning. He doesn't trust its 5% dividend and says the company reminds him of a university.
Freeport McMoRan (FCX), Lundin Mining (LMC): FCX is a China and Rest of the World play, not a domestic play, said Cramer, who has absolute faith in the CEO. He also likes LMC as a play on lead.
Chipotle Mexican Grill (CMG), Coca-Cola (KO): Cramer likes CMG but says "enough is enough" at $133. Concerning KO, Cramer said, "Going to $60 on Friday! Monster quarter... monster. Buy it right here"


source

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