Update - AG GEHL ECOL COLY

AG AGCO Corp. traded lightly in the pre-market, but saw its high on its first trade at 8:12am at $24.44, right around where it was trading the most after hours last night. It stayed around the $24.25 range in the pre-market before dropping to $23.74 at 9:55am. This was a drop of 2.9% from the opening high, a good drop. The stock then had one more rise and fall where it found its low for the day at $23.37 at 10:47am. So the best possible short would have been a drop of 4.4%.


GEHL Gehl Co. also traded lightly in the pre-market where it hit $40.46, right around last nights high after hours. The stock dropped quickly at the open to a low of $39.65 9:37am. This drop represented a drop of 2%. It then shot up very fast to $40.64 at 9:48am. I didn't see any news for the pop, but maybe a pre-earnings buy when the stock came down, since it looks like GEHL reports tomorrow. The stock came down once again to $39.95 within the next hour.

ECOL American Ecology Corp. was the only of the 4 nuclear that I really watched. It didn't trade until 9:25am in the pre-market for some reason. It opened at $25.81 only .03 cents above yesterdays close and .77 cents below where it traded last night, so a short last night would have turned a very nice profit. The stock then climbed to $27.00 by 10:07am before it came down to $25.62 22 minutes later at 10:29am a 5.1% drop. Once again, a nice example of a psychological price point of a round whole number like $27 marking the beginning of the decline.


COLY Coley Pharmaceutical Group, Inc. opened at $16.05 in the pre-market, already .42 cents below last nights after hours close. I made a prediction that this would not hold the $16 barrier, and was right as it dropped to $15.60 at the opening bell. This one would have been tough after that point because the stock did climb from its low at the open to reach a high of $16.18. It stayed around the $16 level for the better part of the day before falling hard at the end of the day to a new low of $15.48. So a short from last nights close price would have given a best case scenario short of 6%.


BHP BHP Billiton Ltd. of note, even though I wasn't watching it closely, was down all day from last nights after hours price of $46.25. Its high for the day was only $45.13. There seemed to be some overseas pressure that brought this one down.