HEES update

So, HEES didn't have a big climb in the premarket like PPCO did yesterday. There was a pretty wide gap between the buy and sell orders for HEES and it was settling around $29.00. It had a small quick jump to $29.20 right before the bell and hit as high as $29.48 a minute or so into trading before it quickly fell and hit lows around the $28.81 level. It would have been very tough to short at $29.48 but if I tried I may be been able to get in at $29.30 or so and been able to cover very quickly for a good profit.

So why the difference between HEES and PPCO? Why did PPCO climb nearly .70 cents right before the open and HEES only climb .20? Maybe it was the industry (pharma vs construction), maybe it was the price of the stocks? Either way, both could have been profitable trades if timed correctly. I will certainly be looking on Monday to see if either of these 2 types of movements can be seen again and traded. Basically, if the stocks are holding early and then make a big run right before or after the bell look for a psychological price (an even dollar amount like when PPCO went up to $22.95 before it came down, or $29.48 like HEES today) and short it.