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Friday, September 29, 2006

Cramer on STOP TRADING (9/29/06)

On STOP TRADING on CNBC at 2:55 PM EST, Jim Cramer said he is tired of hearing the market is expensive.

He said ConocoPhilips (COP) and steel names are cheap at 5 or 6 times earnings, but names like Coca Cola (KO) isn't.

On tech stocks, Cramer said he thinks it positive on techs. He thinks Cisco (CSCO) at 18 times earnings is too low. Cramer thinks many estimates are too low.

Cramer also is sticking by General Motoros (GM) and a $40 target. He thinks Tracinda is buying more and he thinks Ford (F) will have earnings explosions into next year.

Jon C. Ogg
September 29, 2006
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