Cramer's 'Stop Trading': Citi, AIG, Cisco
NEW YORK (TheStreet) -- Chatter has begun to build that the government plans to sell its 27% stake Citigroup(C) within the next three months -- and Jim Cramer, on his Stop Trading! segment on CNBC, announced that he's all bullish as ever regarding the stock.
Cramer, declaring that "supply begets demand," said he believes that if an equity offering does come about, investors would "eat right through" the shares. Cramer predicts the stock will go back to trading in the $4 range. Meanwhile, American International Group(AIG) is rallying following its announcement that it plans on paying down a significant amount of its debt. Cramer says the fledgling insurer still has many significant assets to sell off. "The government is the stock," he said. "This is a company that should have been in receivership." Moving on to the tech sector, Cramer noted that Cisco Systems(CSCO) unveiled a faster Internet router on Tuesday. Cramer declared that to be an "anti-Juniper(JNPR)" announcement. "It is really important to have a router service providers want to buy," he said. "They will spend on this." Cramer added that AT&T(T), for one, could stand to benefit from a beefed up router.TheStreet Premium Services For Personal Service: 877-471-2967
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