Cramer's Rail Stocks That Should Be Sold
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Created by barrons2
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Date updated:08-14-2008

"If the momentum traders are to be obeyed -- and I think they have to be, short term -- you have to do what I hate to do and sell the rails, sell all of them because this is Day 1 of the selloff, and they never stop selling them once they are broken." - Jim Cramer

symbol name last price % change open
  • +
  • DVN
    Devon Energy Cp (
  • $68.59
  • +1.84%
  • $68.10

I wish I had listened to this kind of momentum nonsense when Devon (DVN) was at $123 and National Oilwell Varco (NOV) at $92.

People owning DVN also tend to own: AAPLBACBBYBGTCSCOCTSHDEO

TheStreet.com Rating: C- What is this?

  • +
  • NOV
    Natl Oilwell Varc
  • $44.08
  • +2.46%
  • $43.73

I wish I had listened to this kind of momentum nonsense when Devon (DVN) was at $123 and National Oilwell Varco (NOV) at $92.

People owning NOV also tend to own: AHMAIZALBAMPAVTAXCABBI

TheStreet.com Rating: B- What is this?

  • +
  • CSX
    C S X Cp
  • $48.82
  • +2.82%
  • $47.86

Once the momentum guys turn -- and they are turning on CSX (CSX), Norfolk Southern (NSC), Union Pacific (UNP) and Burlington (BNI) -- they just don't stop. It is terrible to have to sell down 4, but the pattern has been that there is another down-4 day coming tomorrow, and then another, and then still one more ... punctuated by a plus-2 in the middle.

People owning CSX also tend to own: AEPAMPAOCCAGEIXFGNW

TheStreet.com Rating: B- What is this?

  • +
  • NSC
    Norfolk So Cp
  • $52.35
  • +1.85%
  • $51.66

Once the momentum guys turn -- and they are turning on CSX (CSX), Norfolk Southern (NSC), Union Pacific (UNP) and Burlington (BNI) -- they just don't stop. It is terrible to have to sell down 4, but the pattern has been that there is another down-4 day coming tomorrow, and then another, and then still one more ... punctuated by a plus-2 in the middle.

People owning NSC also tend to own: COGNUSGBEZBTUCATYHCNLOGI

TheStreet.com Rating: B What is this?

  • +
  • UNP
    Union Pacific
  • $64.33
  • +1.69%
  • $64.01

Once the momentum guys turn -- and they are turning on CSX (CSX), Norfolk Southern (NSC), Union Pacific (UNP) and Burlington (BNI) -- they just don't stop. It is terrible to have to sell down 4, but the pattern has been that there is another down-4 day coming tomorrow, and then another, and then still one more ... punctuated by a plus-2 in the middle.

People owning UNP also tend to own: AAALLAPCBABACCCAT

TheStreet.com Rating: B What is this?

  • +
  • BNI
    Burlingtn N Sante
  • $98.46
  • +0.16%
  • $98.36

Once the momentum guys turn -- and they are turning on CSX (CSX), Norfolk Southern (NSC), Union Pacific (UNP) and Burlington (BNI) -- they just don't stop. It is terrible to have to sell down 4, but the pattern has been that there is another down-4 day coming tomorrow, and then another, and then still one more ... punctuated by a plus-2 in the middle.

People owning BNI also tend to own: ASHBTUCELGENGHANSHTELMT

TheStreet.com Rating: B What is this?

  • +
  • GS
    Goldman Sachs Grp
  • $167.63
  • -1.20%
  • $171.25

The market's obviously pretty dysfunctional here, but when you see this kind of selloff in stocks, you have to respect that it's just beginning, not ending. I would sell the rails, which have been favorites of mine. I would be a buyer of the two financials that are getting killed today, JPM and Goldman (GS), and after selling some Morgan Stanley (MS) for Action Alerts PLUS, I am looking to rebuild that one lower.

People owning GS also tend to own: AOBCOGOCRYPGELGLWGRMNMDRX

TheStreet.com Rating: C What is this?

  • +
  • MS
    Morgan Stanley
  • $31.52
  • -0.19%
  • $31.77

The market's obviously pretty dysfunctional here, but when you see this kind of selloff in stocks, you have to respect that it's just beginning, not ending. I would sell the rails, which have been favorites of mine. I would be a buyer of the two financials that are getting killed today, JPM and Goldman (GS), and after selling some Morgan Stanley (MS) for Action Alerts PLUS, I am looking to rebuild that one lower.

People owning MS also tend to own: AIGBACCPWRDISFWLTGS

TheStreet.com Rating: No Rating What is this?

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