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Cramer on BloggingStocks: The cut lets you fold the weak hands

 Oct 08, 2008 02:00 PM UTC
Return Risk
-19.13% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
AA Negative 10/08/08 +31.92% --
C Negative 10/08/08 +47.99% --
MET Negative 10/08/08 +18.87% --

Graphic_arrow1 Via BloggingStocks:  

Filed under: Market matters, Citigroup Inc. (C), Alcoa Inc (AA), Stocks to Sell, Federal Reserve, Cramer on BloggingStocks, MetLife Inc. (MET)

TheStreet.com's Jim Cramer says you can use the bounce today to sell names with earnings troubles.

A suggestion: If you know that your company has earnings problems, you are going to get a lift today that will allow you to get out at a better price. What do I mean about earnings problems? Let's consider Alcoa (NYSE: AA) (Cramer's Take). That was a dismal quarter. The stock would not be up if it weren't for the rate cuts.

Or how about the financials? We learned last night that MetLife (NYSE: MET) (Cramer's Take) needed a lot more capital. We have to presume all insurance companies need more capital. So get ready or sell and buy lower. Citigroup (NYSE: C) (Cramer's Take) is in the same boat. It is not going to have a goo...



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