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More Pain From Ingersoll-Rand

Cramer looks at the selling action and considers a trade.
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I think we're seeing the final washouts for Ingersoll-Rand (IR) with the stock down here at $59.96 as I write this. I'm going to buy another 300 shares after you read this, which will give me a total of 3,000.

To fund this purchase, I'm going to pare back another 500 shares of Estee Lauder (EL) .

Regards,

James J. Cramer

DISCLOSURE: At the time of publication, Cramer was long Ingersoll-Rand and Estee Lauder.