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Tuesday, March 14, 2006

ANGO Update

Phew! So far looks like a very good thing that my short order at $23.00 for ANGO didn't go through. The stock went only as low as $22.90 in the premarket and only a low of $23.01 in regular trading! Its sitting near its high for the day at $23.68 right now.

New rule established. Don't short a pick where the day high is ABOVE where the stock price trends after Cramer mentions it. Remember the day high was $24 yesterday and the people that bought off Cramer's recommendation only took it to the $23 level. This could still come down later in the day, but its just a good safe rule to implement I think.

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