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Friday, April 07, 2006

April 7th - FLWS CRYP CHTT

Cramer's first pick tonight was FLWS 1-800-Flowers.

Closing Price: $6.99
After Hours High: $8.05

Percent Increase at High: 15.2%

After Hours Close: $7.59

After Hours Percent Increase: 8.58%


This trades at pretty low volume on average and has 8% of the shares shorted already. Personally I don't see people being very excited about this pick. It feels a lot like TOPP from earlier this week. Even with the growth that Cramer mentioned and low p/e ratio, I think its low because people don't care about this stock. It just isn't a "sexy" stock. I see this one going down right at the premarket open and hope it hits the high $7 range for a good short.

Cramer's second pick was CRYP CRYPTOLOGIC INC.

Closing Price: $26.16
After Hours High: $27.95

Percent Increase at High: 6.8%

After Hours Close: $27.86

After Hours percent Increase: 6.5%
Short Interest: 8.14%

This one climbed steadily in the after hours. People must have liked what they heard. This is very unusual for Cramer picks. Normally he mentions the stock, it spikes up really high and then settles down. The initial high after the mention was $27.75 and settled for a minute to $27.50 before it climbed to the high $27's. The most recent stock that followed this trend was KRY from 2 days ago. With his first pick a more obvious short for me, I would just stay away from this one.

Cramer's third pick was CHTT CHATTEM INC

Closing Price: $37.17
After Hours Close: $38.60

After Hours percent Increase: 3.85%
Short Interest: 13.59%

The increase after hours isn't great. The price is a little high for my taste. So this would also not be my first option to short. This was a play on a stock that is out of favor because it is a "defensive" stock for the current economy. This type of stock will come back into favor once, as cramer says "the hot stocks sectors fall apart" it will see its day. Having the stock go up almost 4% tonight really doesn't make sense for right now then. Once again, one to keep an eye on, but FLWS is going to have my main focus.

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