Lightning Round OT: Patriot Coal, UAL and More

Jeffries Group : Don’t buy JEF, Cramer said. Even though the company reported an upside surprise, he thinks investors will dump the common stock for a convertible bond that Jeffries is offering.

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Patriot Coal : Stay away from PCX, Cramer said. CSX , which ships a lot of coal, said that next quarter doesn’t look good for this industry.


UAL : Sell UAL, Cramer said. He won’t recommend airline stocks.

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