Update - KRY BW
Although I have no intention of trading either of the 2 picks from last night, I am still very interested in them. KRY has over 355 orders on INET this morning already (normally I see far less than that) and it looks like there is decent support to hold this over $5 for at least a little while. The price is holding firm at the $5.40 range after going as high as $5.55 briefly. I think Cramer is going to have a busy day today taking heat from a lot of people who think its ridiculous that he drove the stock up 25%.
BW on the other hand is all over the board this morning. It hit a high of $25.14 but is drifting around $24.80 on very light volume. I think people are far more interesting in throwing their money at KRY this morning. Its hard to get a grasp on BW and what it might do today. Its up $1.90 so far or around 8%. It probably won't hold but could run some more. Yesterday with TOMO it was up $2.15 at one point yesterday and closed up only $1.58 after going as low as $1.15 up. But shorting based on that comparison alone would be a mistake.
posted by CramerTracker @ 4/06/2006
4 comments
Comments on "Update - KRY BW"
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Anonymous said ... (April 06, 2006 9:15 AM) :
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Anonymous said ... (April 06, 2006 9:21 AM) :
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Anonymous said ... (April 06, 2006 9:27 AM) :
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Anonymous said ... (April 06, 2006 9:30 AM) :
post a commentI was going to mention NAPS to you in my last post last night buy didn't. Today, NAPS raised guidance and the stock is up. NAPS is one of my favorite stocks and is a strong buy under 3.5 even though it is bleeding money. Why you may ask even with stiff competition from RNWK, AAPL, YHOO etc?
Simply because the downside is limited at 3.5 and the upside is huge. It is trading close to its cash value. The business and brand name is given little value.
Last conference CEO announced many companies had shown interest in buying the company. A takeover company can easily pay 6$.
Negative is that it is bleeding money and competition is intense.
Steven
Research on NAPS. Go through the key statistics on FinanceYahoo as a *basic* research step 1. You can *safely* make more money in extremely beaten down stocks that trade close to their cash value. And if they are a takeover candidate, the odds of winning a bonanza are huge.
Today NAPS is spiking. GOOG/AMZN are expected to start their own music service. When GOOG/AMZN do a press release shorts are going to bring NAPS down. That is a time to take a big position in NAPS.
Any rumors of NAPS takeover also spikes it as it has a decent short interest.
Steven
09:20 EDT NAPS, XMSR
theflyonthewall.com: Napster-NAPS preannouncement this morning positive@CHLM
The firm said that the partnership with XMSR is beginning to ramp.
I also recommend that you try a monthly subscription with theflyonthewall.com. It costs 20USD per month and is a great site. They have a one month free trial.
For example, you will immediately come to know analysts opinion on various press releases from companies. CHLM (Craig Hallum) comments on NAPS upside guidance were mentioned on thefly at 9.20 am
I mentioned NVAX last night. Today is the day to short NVAX as it was downgraded to a sell with a 3$ target.
Now the bears have some mojo on their side on an extremely overvalued stock that has had a big run in a short time. The exodus begins.
Unfortunately Cybertrader has no shares to short and I couldn't short NVAX
Steven