Cramer's Sell Block (ICE, INWK, KRY, JCG)

Jim Cramer made several updated notes on positions he has previouslybeen bullish on in his "Sell Block" segment on CNBC’s MAD MONEY on Thursday night.

Cramer said he is throwing Intercontinental Exchange (ICE-NYSE) under thebus and into the Sell Block.  The terms of the NYBOT merger are toorich compared to the original deal and you’d be a pig not to take somemoney off the table.  He thinks seat holders are going to unload sharesand he doesn’t want to own this until after the seat holders sellshares.  He still likes NYSE (NYX-NYSE), which was his #1 growth stock of the year.

Cramer said on Innerworkings (INWK-NASDAQ) that he made a mistake by calling it abuy and he should have said sell it.  So he’d rather cut and runinstead of putting in more effort toward it.  Here is what he said on December 19.  Here is what I said on December 19 in my critique of that call: I personally remember this IPO as one that showed most of its growthbecause of acquisitions, but Cramer didn’t say that.  It ran 15% at theIPO.

Cramer said Crystallex (KRY-NYSE) should now be sold because he doesn’tthink Hugo Chavez in Venezuela will allow it to make what it deserves.

J.Crew (JCG-NYSE) is actually one that you can buy into the secondary,and he thinks it’s going up as a Buy.  Here is what he said for hispositive comments on December 14.

Jon C. Ogg
January 12, 2007