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Stop Trading!: Buy XTO's Secondary
Published:
Thursday, 14 Feb 2008 | 3:17 PM ET
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By: Tom Brennan
Web Editor, Mad Money
Web Editor, Mad Money
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"Natural gas is on fire," Cramer said during Thursday’s Stop Trading!.
Best of breed in the group is XTO Energy [XTO
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] said the Mad Money host, even against competitors like Apache [APA
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Cramer wanted investors ready to take advantage of a 20 million-share secondary offering by XTO. “It will be a win,” he said, just like XTO’s other offerings.
Responding to Lundin Mining’s [LMC Loading... ()
] downward guidance correction, Cramer replied, “Somebody's got to put that company out of its misery.” Shares are down about 11% with an hour left in the trading day.Liz Claiborne’s [LIZ Loading... ()
] having a difficult day of its own, after pre-announcing lower-than-expected earnings. Cramer’s advice: LIZ should close down all its properties other than Juicy Couture and Kate Spade. Shares have dropped almost 18% for the day.Jim’s charitable trust owns XTO Energy.
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