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Wednesday, September 20, 2006

Cramer's STOP TRADING (Sept. 20, 2006)

On Cramer’s STOP TRADING segment on CNBC at about 2:55 PM EST, Cramer said he thought the CEO of Indymac Mortgage (NDE) was a rational figure. Cramer said he thinks NDE may go higher.

Cramer said he thinks the homebuilders may be bottoming, but they may take a while. He wants to own them through the first rate cut.

Cramer said he thinks energy prices go lower through the end of the quarter because no fund wants to show they have been long all the way down.

He said buy Wells Fargo (WFC) on that.

Jon C. Ogg

September 20, 2006

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