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Wednesday, November 29, 2006

November 29th - XOM

Cramer started out bashing Exxon Mobil Corp. (XOM) because they have spent more money on stock buy backs then on drilling for oil. Even so, Cramer said this was a buy because the mutual funds are buying up the stock to get exposure to the sector.

Closing Price: $76.03
After Hours High: $ 76.45
Percent Increase at High: 0.55%
After Hours Most Recent Price: $ 76.39
Percent Increase at Most Recent Price: 0.47%
Sector: Basic Materials
Days to Cover: 2.6
Short %: 0.90 %
% Held by Insiders: 0.17 %
% Held by Institutions: 51.90 %
50 Day Moving Average: $69.62
200 Day Moving Average: $64.67
Average Price Drop for Sector: 5.5%

Shorting oil off a Cramer recommendation is not something I would ever do because the price of oil is what controls the price of oil stocks and there can be no certainty of a Cramer effect price drop at the opening bell tomorrow.

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