Jim Cramer's Stop Trading! Buy Diana Again

Stock quotes in this article: DSX , UA , MER , C  

Buy Diana Shipping (DSX Quote), Jim Cramer said Wednesday on CNBC's Stop Trading! segment.

Cramer said the stock, up 9% off Tuesday's 12% plunge, remains a buy because of enormous demand in China.

Cramer also likes Under Armour (UA Quote), off 3% on worries of rising inventory. "Yes, I would buy it," Cramer said.

Cramer also said Merrill Lynch (MER Quote) "was a comedy that became a farce" just ahead of yesterday's cashiering of CEO Stan O'Neal, whereas Citi (C Quote) -- which still employs embattled chief Chuck Prince -- remains for now a mere comedy.

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At the time of publication, Cramer was long Citi.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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