Jim Cramer's Stop Trading! 3/12/08: Joy and Perfection

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 |  Includes: ANTM, CIT, HUM, JOY
by: Miriam Metzinger

Recap of Jim Cramer’s comments on Stop Trading! Wednesday March 12. Click on a stock ticker for more analysis.

Well Point (WLP), Humana(NYSE:HUM): Humana and its ilk have lost much of their value in two days after negative news from WLP. Cramer says “these are obviously oversold” and are too cheap, but he doesn’t think they are going to bounce yet. However, he added, “I can’t believe that WellPoint will be lower than here at the end of the year,

CIT Group (NYSE:CIT): Cramer would not buy CIT because of its bad student loans. However, he respects CIT for its honesty since they have given full disclosure of all their bad loans.

Joy Global (JOYG): While Cramer initially wanted to do a Mad Money segment on JOYG, he “just couldn’t get around buying it at 52 week high” and says the stock is priced to perfection.

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