March 30th - HEES

Cramer's second stock pick tonight was HEES H&E Equipment Services Inc. This is a good opportunity to watch what this stock will do in the morning. It is at a similar price point as today's PPCO.

Closing Price: $27.64
High After Hours: $29.05
Percent Increase from close to high: 5.1%
Price leveling off point after hours: $28.78
Percent Increase from close to level off point: 4.1%

So if you recall (or read below) PPCO went over $22 after the mention and then fell below $22. Here we have a stock that goes above $29 and then falls below $29. So I want to see if this will climb to the high $29 range around 9:20am like PPCO went to $22.95 and then fell .50 cents on the open. We also had a similar percentage increase after hours with PPCO and HEES. My plan for tomorrow will be to watch and only short if it climbs late in the premarket trading. I might then explore doing a trailing stop on the cover buy if it drops enough. That way I can lock in a gain and push for more with no risk. This can only be done during regular trading hours, and in the past I had always covered during the premarket.