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Wednesday, April 26, 2006

Update - WWW DPZ FIX

WWW Wolverine World Wide Incorporated traded thinly in the pre-market (a recent occurrence really), but saw its high right at 8:00am of $25.20, right around where it closed last night in the after hours market. It drifted a bit lower towards the opening bell where it opened at $24.50, hit a high of $25.04 within the first minute of trading. It then went as low as $24.61 at 9:49am before reaching new highs for the day of $25.18 and falling once again to $24.82. So shorting after hours last night or first thing this morning would have produced the best results on this one, granted that you could get a short sale in with the thin trading this morning in the premarket. For me, after the first drop (from $25.20 to $24.50) the trade would be over. I never trust what the stock might do after that point.


DPZ Dominos Pizza Incorporated didn't trade at all in the pre-market as far as I could see People may have been more interested in Papa John's as it was profiled on CNBC this morning and their new oven technology. DPZ opened and climbed from $27.27 to $27.78 by 10:19am. It then dropped from there to $27.46 about 20 minutes later. So a short last night again would have given the best results since it hit a high of $28 and settled in around $27.70.


FIX Comfort Systems USA Inc. also traded very thin in the pre-market where it saw its high for the day of $15.40 at 8:47am, slightly up from last nights price in the after hours. It then opened at $15.24 and dropped to $14.90 by 9:46am. So, probably not a lot of opportunity to get a big volume short sale in, as it looks like the case with all 3 of the picks, but if one did it looks like they would have been successful.

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