May 30th - ENB NTGR

Cramer's first pick was ENB Enbridge Inc.

Closing Price: $30.47
After Hours High: $31.40
Percent Increase at High: 3.1%
Price Level Off Point: $31.20
Percent Increase at Level Off Point: 2.4%
Trades on NYSE
Sector: Basic Materials
Short %: 0.26%
Days to Cover: 8.1

An oil stock here, so one to stay away from in my opinion. It was up .80-cents today already and oil is holding strong above the $70 level. Low short percentage but 8.1 days to cover due to low regular volume of this stock. I do think Cramer's opinion for this to see $40 is very optimistic and won't happen anytime soon unless this new exposure really helps it. Now a long time ago (before I was tracking his picks closely) he did highlight ENB. I seem to recall he was playing stump Cramer and he was stumped (maybe on his radio show). He then did some DD and highlighted the stock. So with Cramer having thousands of stocks in his head, and this one being a new addition it is pretty clear this stock isn't well known. So, people may sell into the spike and force this to come down, I don't want to bet against oil.

Cramer's second pick was NTGR Netgear Inc.

Closing Price: $21.86
After Hours High: $22.70
Percent Increase at High: 3.8%
Price Level Off Point: $22.32
Percent Increase at Level Off Point: 2.1%
Trades on NASDAQ
Sector: Technology
Short %: 13.3%
Days to Cover: 5.0

Unfortunately this is an ANGO no-short rule here for me. The daily high for NTGR was $22.88 and it is only trading at $22.35 after hours so the Cramer mention hasn't given it a boost above that high. I think the this one will come down to the market tomorrow. A down day will bring this down, an up day and who knows. Even with the no-short rule (that is only effective less than half the time I have called it) I will watch this one come 9:30am tomorrow and see if there is a spike from its pre-market price. It would take a very big spike for me to go against my rule.