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Wednesday, April 12, 2006

April 12th - ORCC CERN

Cramer's first pick was ORCC Online Resources Corp.

Closing Price: $12.99
After Hours High: $14.47
Percent Increase at High: 11.4%
Price Level Off Point: $13.90
Percent Increase at Level Off Point: 7.0%
Short %: 4.08%

Cramer gave his warning tonight that if you pay up after hours his old hedge fund friends will be short selling shares to you! It dropped about .10 cents right when he said that. This stock trades at very small volume (130,000 average) and hasn't really moved in price this year. This looks like a good short anywhere around $14 for a quick short tomorrow. Unfortunately I have an appointment tomorrow so don't feel comfortable shorting tonight or tomorrow because I won't be able to give it the full attention required. I wouldn't be surprised for this to see $13.50 tomorrow if there is no new news. Heck, it might even hit $13.50 tonight the way it is looking, but not likely.

Cramer's second pick was CERN CERNER CP

Closing Price: $44.54
After Hours High: $46.76
Percent Increase at High: 5.0%
Price Level Off Point: $45.50
Percent Increase at Level Off Point: 2.2%

This one is too rich for me and not enough of a sustained runup in price to make it worth while.

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