On tonight’s MAD MONEY on CNBC, Cramer had his SELL BLOCK calls. This is where he reviews names that can usually be sold that are based on his recent picks.
Avon (AVP-NYSE) is one that Cramer thinks that Andrea Jung is no longer a CEO that has to go. That wasn’t one of MY list of CEO’s that need to go because I didn’t agree with it. Cramer said he wasn’t patient enough and he was wrong.
Wells Fargo (WFC) is one you need to sell. It is trading too high on a multiple and he thinks you can sell at least some. He also thinks Washington Mutual (WM) can be sold here. You should use this to buy Goldman Sachs (GS).
On Abercrombie & Fitch (ANF) that is 50% from the summer and he thinks if you haven’t sold some yet you should. Take your profits according to Cramer.
Cramer also said Sell Cicuit City (CC-NYSE) if you haven’t.
Citigroup’s (C-NYSE) Chuck Prince should be on the CEO’s that need to go list. He is one of my own picks to go and I even said he hasn’t shown up for his own funeral yet on my CNBC interview on Monday.
Jon C. Ogg
February 8, 2007
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