Cramer Shuns Motorola & Defends Exxon

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By Douglas A. McIntyre Updated Published
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On today’s STOP TRADING segment on CNBC, Cramer said the Bulls should try to come into the market at the end of the day.  Cramer said we wanted commodities down and dollar up, and they sold the market on it.  Cramer said that Motorola (MOT) would actually jump now if Ed Zander left the company, I disagree but it’s his show.  he admitted he’s cranky today, so maybe he’s jumping the gun.

Cramer said ETF’s are actually a great way to short the market and knock down indexes, so they are a bear’s dream come true.  Cramer said he’s worried about China a bit.  Banc of America said Buy Exxon (XOM) on weakness after the downgrade today, and Cramer said he doesn’t want to sell it.

Earlier today he said you gotta be buying Tech that was overly weak from Motorola (MOT) because it wasn’t the end of tech and proceeds raised from stock selling in energy stocks has to go into tech.

Jon C. Ogg
January 5, 2007

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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