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Wednesday, April 26, 2006

April 26th - AG GEHL (BHP CCJ FE ECOL) and COLY

Cramer had 2 picks in his first segment dealing with ethanol.
The first was AG AGCO Corp.

Closing Price: $23.78
After Hours High: $24.65
Percent Increase at High: 3.6%
Price Level Off Point: $24.45
Percent Increase at Level Off Point: 2.8%
Trades on: NYSE

The second ethanol pick was GEHL Gehl Co.

Closing Price: $38.90
After Hours High: $40.49
Percent Increase at High: 4.1%
Price Level Off Point: $40.30
Percent Increase at Level Off Point: 3.6%
Trades on: NASDAQ

These were both up today in regular trading before the Cramer mention. The one thing I don't like is that this is like oil and that it is big in the news now with the President Bush speech. The thing I do like (about the short side for these) is that these are not "best of breed" as Cramer mentioned. I'm inclined to stay away from these in the after hours since they might get some more momentum tomorrow if oil prices go up. Not to mention they are both holding up well after hours so I don't see any need to rush into a short tonight.

Cramer's second segment is to do with nuclear power and he is mentioning several stocks:

BHP BHP Billiton Ltd.

CCJ Cameco Corp.
FE Firstenergy Corp.
ECOL American Ecology Corp.

I don't really like the "basket of stocks" idea for shorting. There isn't a lot of action with any of the picks right now either. People probably have to take a bit more time in picking which stock they might want to buy blindly on the Cramer mention. With ECOL being the cheapest it might get the most attention. It has currently only traded 500 shares and is up around .80 cents, so could be a good short tomorrow if there is enough action.

So I had to take off before Cramer's last pick COLY Coley Pharmaceutical Group, Inc.

Closing Price: $14.92
After Hours Close: $16.47
Percent Increase at High: 10.4%

This one trades on the NASDAQ so it has some potential for me. Without any news this one won't hold its 10% gain. This looks like a long term play from Cramer and people paid up way too much. This one goes under $16...again assuming no new news. Of all the picks tonight this has the most potential in my opinion. There is a 10% short interest in this one so it may climb a bit early, but it still think it will struggle to hold $16.

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