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Tuesday, April 11, 2006

Update - NUVA AV

**My analysis of Cramer's picks tonight will likely be late again tonight.

NUVA was a bit of a yawner this morning during the pre-market. There were more sellers than buyers (according to INET) so the price never really took off like I was sort of expecting based on previous Health sector picks. The stock basically tanked at the opening bell going from $18.65 all the way down to $17.85, a drop of 4.3%. The speculation in this pick must have scared people away and not given this the normal Cramerite buying support. I stayed away from attempting to short this because I kept waiting for the the price to pop up and never got it.

Update: The low for the day was $17.50 which was a drop of $1.15 from the highs today and a drop of $1.75 from the after hours high last night. So the max possible short would have been a gain 9.1%. I also left the volume on the chart below to show how thinly it was traded in the pre-market.


AV saw a decline right from the beginning of the pre-market all until after the opening bell. The stock opened at $11.53 and fell to $11.15, a drop of 3.3%. It opened at $11.45 at 9:30, which is the earliest I could have shorted it, thus reducing the drop percentage from my standpoint.

Update: The low for the day was $11.02 representing a max shorting gain of 4.4% from the high.


So, both of these stocks could have seen very good results from shorting during last nights after hours trading, as any point this morning.

Check out the chart comparing both NUVA and AV from this morning.

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