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Friday, November 17, 2006

November 17th - DIS DJO

Cramer started out talking about the NYMEX HOLDINGS INC (NMX) and its huge IPO today and said its a bit pricey now after the 100% pop and prefers NYSE Group, Inc. (NYX)
from a valuation perspective.

Cramer moved one quickly to Walt Disney Co. (DIS) and gave it a triple buy.

Closing Price: $32.94
After Hours High: $33.49
Percent Increase at High: 1.7%
Price Level Off Point: $33.38
Percent Increase at Level Off Point: 1.3%
Sector: Services
Days to Cover: 5.1
Short %: 2.25 %
% Held by Insiders: 20.49 %
% Held by Institutions: 69.20 %

Obviously not a compelling story for people to run out and buy DIS. Maybe everyone spent all their money on the NMX IPO??? If the after hours price is any indication, there may not be a much bigger spike come Monday morning, unless there is some news over the weekend. Maybe if there is a spike to close to $34 on Monday morning then there might be an opportunity, otherwise there isn't enough of an increase.

Finally Cramer recommended DJO Incorporated (DJO) which owns the market share for knee braces. The price is just above the range I consider for shorting, even with a decent 3.3% gain in the stock after hours.

Closing Price: $44.43
Sector: Healthcare
Days to Cover: 9.6
Short %: 7.92 %
% Held by Insiders: 1.04 %
% Held by Institutions: n/a

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