Jim Cramer's Stop Trading! Stock Picks and Comments, Dec. 8

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Includes: C, CFC, HLYS
by: Miriam Metzinger

Recap of Jim Cramer’s comments on Stop Trading! Friday December 8. Click on a stock ticker for more analysis:

Citigroup (NYSE:C): Cramer speculates that the cause of the sudden 2.4% rise in Citigroup's stock on Friday may be investors' hope that CEO Chuck Prince or CFO Sallie Krawcheck will leave the company. He would rather see M&A head Ray McGuire and Vice Chairman Bob Rubin occupying those positions, and feels "embarrassed for Citigroup" that no one has commented on the intensified trading of its shares. Cramer considers this company the worst of the financials and comments that Prince and Krawcheck are "the least pro-shareholder executives since Al Dunlap," former CEO of Sunbeam.

Heelys (NASDAQ:HLYS): Cramer would not buy Heely's in the 33-34 range, but would wait for it to drop back to the IPO pricing level of 21 before buying.

Countrywide (CFC): Cramer was critical of those who are shorting CFC because of exaggerated risks in subprime lending: "As long as employment is good and interest rates are low, this is going to solve itself."

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