May 11th - GGB AES TGI

Cramer's first pick was GGB Gerdau S.A.

Closing Price: $16.95
After Hours High: $18.00
Percent Increase at High: 6.2%
Price Level Off Point: $17.75
Percent Increase at Level Off Point: 4.7%
Trades on NYSE
Sector: Basic Materials

The basic materials sector has been a good one for shorting, including EZM today. The 52-week high is $18.16 so we came close to touching that tonight. $18 is a key number to look at to see if and when it breaks that. I would say if it doesn't break $18 in the pre-market but holds steady it could come close or break it just after the bell and could peak there. Otherwise it might just slowly drift lower and not present much of an opportunity to short if it trades around $17.50.

Cramer's second pick was AES AES Corp.

Closing Price: $17.63
After Hours High: $18.44
Percent Increase at High: 4.6%
Price Level Off Point: $18.30
Percent Increase at Level Off Point: 3.8%
Trades on NYSE
Sector: Utilities

Well I have nothing to compare this with because this is the first utilities pick Cramer has made since I have been following his picks this closely. AES is climbing a bit after hours instead of leveling off. This feels a lot like GGB above. I would look for a spike and peak at the 9:30am open and fall from there. Another down day in the market will probably slow most stocks, but one should look out for a big turnaround in overall market sentiment like if oil and gold come down.

Cramer's third pick was TGI Triumph Group Inc.

Closing Price: $50.37
After Hours Price: $51.28
Percent Increase: 1.8%
Trades on NYSE
Sector: Industrial Goods

I know the ANGO no-short-rule doesn't have a great track record, but this is another example. The high today for TGI was $52.23 and the after hours price is well below that. So, to reiterate the rule, if a stock could was higher today before Cramer mentioned it, it was good enough to be that high without Cramer's recommendation, so it could easily trade back up to those levels as has happened with other stocks such as ANGO. Not to mention the Industrial Goods sector hasn't been great for shorting and the high price doesn't help either.