MSPD update

Well MSPD looked like a typical Cramer pick in terms of price action the next day. The chart shows a steep decline at the premarket open from $4.02 down to a low of $3.76. For a cheap stock this is a pretty good decline. Then, a spike right at 9:30am to $4 again followed by another quick drop to $3.76 within the first half our of regular trading. Not to mention a drop to $3.80 within the first 5 minutes of the regular market. Once again, this shows people pay up right at the premarket open and the 9:30am regular open. Maybe I should be looking for a broker that will let me short under $5!