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Jim Cramer's Stop Trading! Cleveland Cliffhanger

A takeover could come soon.

Jim Cramer is liking his Cleveland-Cliffs (CLF) - Get Cleveland-Cliffs Inc Report call even more now with the stock in heavy takeover talk. Cramer discussed Cleveland-Cliffs on Stop Trading! on May 7, saying he liked the stock off the since-aborted deal between Alcan (AL) - Get Air Lease Corporation Class A Report and Alcoa (AA) - Get Alcoa Corp. Report. He said at the time that the stock is "finally working."

On Friday's show he said he was confident there'd be a deal soon, possibly within days. The stock was recently trading up nearly 7% to $75.66 in afternoon trading.

Cramer also discussed a report from UBS analyst Alexander Goldfarb that said apartment REITs could be the next attractive takeover area. The group has taken a hit on subprime fears, among other concerns. "We think it's unwarranted," he said. "The private market value remains firm. There's a lot of money out there looking for a home in property."

Some of the names here include

Archstone-Smith

(ASN)

Essex Property Trust

(ESS) - Get Essex Property Trust, Inc. Report

and

Colonial Property

TheStreet Recommends

(CLP)

.

At the time of publication, Cramer had no positions in stocks mentioned.

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

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