April 18th - GOL ARDI
Cramer's first pick tonight was GOL Linhas Areas Inteligentes S.A.
Closing Price: $33.18
After Hours High: $34.84
Percent Increase at High: 5%
Price Level Off Point: $34.12
Percent Increase at Level Off Point: 2.8%
This trades on the NYSE so once again I can't short it after hours but if I could I would have considered doing it in the after hours here since it is already dropping steadily. This stock was at the $25 level on March 28th of this year, so it is up pretty substantially already. This seems pretty ripe for a pullback. It may close over the $34 level tomorrow, but I see it dipping below there at some point early tomorrow.
Cramer's second pick was ARDI @Road, Inc.
Closing Price: $5.39
After Hours High: $6.10
Percent Increase at High: 13.2%
Price Level Off Point: $5.90
Percent Increase at Level Off Point: 9.5%
Short Percentage: 3.7%
So this one shot up above $6 before Jim said that he is afraid it will hit $6 with after hours buying! This one has some good short potential. Anything over $6 tomorrow morning I think would be a good short for a quick trade. Some recent history with "cheap" stocks and the time of their highs that produced good short entry points the next day:
AVNX | 10:02AM | $2.78 |
GEMS | 8:09AM | $5.83 |
BKHM | 9:45AM | $8.49 |
VTSS | 9:35AM | $3.37 |
MSPD | 8:00AM | $4.02 |
BRCD | 8:00AM | $6.29 |
FNSR | 9:44AM | $5.00 |
Cramer also had a 3rd pick tonight during a Break The Analyst segment. The pick was WPSC Wheeling-Pittsburgh Corp.
Closing Price: $22.39
After Hours price: $23.20
Percent Increase: 3.6%
I don't like this one. The high for today was $23.96 and the Cramer mention only took it to $23.20. What I like to call my ANGO rule I will not short picks where the stock didn't go higher then the daily high after Cramer mentions it.
Comments on "April 18th - GOL ARDI"
Nice short for sure. Already up .20 cents per! Not to go against you in the morning, but I hope it sees $6 again so I can get a short in myself :)