Cramer’s Sell Block (April 19, 2007)

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By Douglas A. McIntyre Published
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Stock Tickers: CHTR, SIRI, XMSR, CMGI, KRY, VG, FMT

Jim Cramer featured his SELL BLOCK series, where he reviews his pigs and prizes for Buy, Sell, or Hold strategies out of his past picks.  These were all reviews from the CNBC "Favorite Stocks" out of the CNBC Investing Challenge that is going on right now.

Charter Communications (CHTR-NASDAQ) is the only one he’d buy, but you can take some profits.  These are some of Cramer’s Sell’s or Avoids:

Sirius Satellite Radio (SIRI-NASDAQ):  No he can’t say buy because of the hard time they are getting over the XM Satellite Radio (XMSR-NASDAQ) merger after 4 Congressional hearings.  He thinks XM may fold if the deal doesn’t go through.

CMGI (CMGI-NASDAQ) is one that Cramer would stay away from since it has changed business models to many times and is now masquerading as a supply chain logistics company.  Oddly enough, he was fairly positive on this one before.

Crystallex (KRY), the gold mine he’s caught a double in but he wants to stay away and won’t back anything tied to Chavez risks like this one is.

Vonage Holdings (VG-NYSE) is one he wouldn’t touch ever.  He thinks it may have to bankrupt and is one of the worst stocks he’s ever seen.

Fremont General (FMT-NYSE) is a subprime play, and he’d rather see you in others.

Some of these are cult stocks, and Cramer probably just slapped a few of them down.  I guess BooYah, went to Doh!

Jon C. Ogg
April 19, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

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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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