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Tuesday, March 21, 2006

March 21st - Nada (not a stock code...means no good shorts)

Cramer's first 2 picks (MCO, ALOG) were far out of my price range for a short trade. They were both in the $60 range and since I would only be able to short about 100 shares of either, there would need to be a significant drop in share price for this to be profitable, so its not worth it in my opinion. Plus, MCO falls into the same problem as ANGO the other day. MCO leveled off around $69.45 after hours, but the daily high was $69.75, so Cramer's recommendation didn't even take it past its high for the day.

So, 3 days in a row with nothing I can even try to short. Well, on to Wednesdays show!

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