Jim Cramer's Stop Trading! 1/15/08: Mosaic's Parabolic Move

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Includes: ADM, C, MOS
by: Miriam Metzinger

Recap of Jim Cramer’s comments on Stop Trading! Tuesday January 15. Click on a stock ticker for more analysis:

Citigroup (NYSE:C):
Cramer criticized Citi CEO Vikram Pandit for not having been more aggressive in taking writedowns; "If you took all that capital ... I don't know why didn't you take out more of the bad." He also thinks it was fruitless to save triple –A bonds; "Every other bit of triple-A ... is backed up by agency paper that you cannot afford. ... If you hide behind triple-A, it better be the American Automobile."

Cramer called for a departure of anyone associated with Chuck Prince, even Director Bob Rubin. Cramer said of the ex-Treasury Secretary, "It's time for Bob to move on... he's done a lot of good work in his life, but anyone who was involved in the Prince regime, it's time for them to move on... absolutely. Prince wrecked the franchise." In the meantime, Cramer would sell common stock in Citi and buy the preferred convertible shares.

Mosaic (NYSE:MOS), Archer Daniel Midland (NYSE:ADM): Cramer called Mosaic's $8 move parabolic, and he said when stocks make such dramatic moves investors get hurt when they don't lighten their positions. While Cramer still likes agriculture, he would consider selling top ag names like ADM and buying them lower, especially since he expects the sector to decline along with oil.

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