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Monday, April 03, 2006

April 3rd - TOPP ICON

Cramer's first pick was TOPP Topps Co. Inc.

Closing price: $8.75
High After Hours: $9.69
Percent Increase to high: 10.7%
After hours close: $9.21
Percent Increase at close: 5.26%

This one screams short to me. This is obviously a long term play since Cramer was talking about if its a good baseball season and long term stock buy backs. He said his price target was $10 or $11 and since it almost hit that after hours I don't think there is any way this will hold near $10 if it gets there by tomorrow morning. As I type the stock is still falling. I think if anyone decides to pay up tomorrow morning any where near $9.50 it would be a short opportunity.

Cramer's second pick tonight was ICON Iconix Brand Group Inc.

Closing price: $15.13
High after hours: $16.54
Percent Increase to high: 9.3%
After hours close: $15.93
Percent increase at close: 5.29%

This one was moving after hours already since it made an acquisition after the bell today. Normally the buying company goes down, but this was up today before Cramer's pump. I think this will have an early spike and decline tomorrow, but my first choice to short tomorrow would be TOPP.

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