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Wednesday, August 09, 2006

Jim Cramer Endorsing Cisco (CSCO)

On Cisco Systems (CSCO) Jim Cramer on his "Stop Trading" called it "The New Annointed Tech Stock" as the one everyone wants to get behind and that it was going to $22 in a hurry. He said it also has visibility.

Before this he noted also:

Cramer on CNBC just noted that Countrywide (CFC) CEO was just praised in the WSJ and then they shot the company with it down 7.7%

Cramer said we are going higher on natural gas and that $7.70 was a weigh station to $9.00.

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