May 8th - NICE NSTC TMY

First off, if interested, have a look at another blog I created over the weekend. If you are in the market for a new broker (like I am since mine was bought out and I am being forced elsewhere) have a look at http://compareonlinebrokers.blogspot.com/ I did a lot of digging around on a bunch of online broker sites to find out what they offer in terms of after hours trading and short selling. Have you ever noticed how hard it is to find out what brokers offer? Well, hopefully I made someone's life a little easier with this resource.

Cramer's first discussion tonight was on cyclical vs secular stocks. He mentioned a bunch of stocks, but the segment wasn't about any one stock in particular.

Cramer's second segment was on Israel. The first pick was NICE NICE-Systems Ltd.

Closing Price: $55.35
After Hours High: $57.93
Percent Increase at High: 4.7%
Price Level Off Point: $56.55
Percent Increase at Level Off Point: 2.2%

Another 52-week high pick. I'm getting a little sick of typing that lately. Very hard to ignore that a lot of picks like this do tend to peak around 10:30, but it's not a guarantee. This one is out of my personal price range to short.

The second Israel pick was NSTC Ness Technologies Inc.

Closing Price: $11.94
After Hours High: $13.08
Percent Increase at High: 9.5%
Price Level Off Point: $12.73
Percent Increase at Level Off Point: 6.6%

This one was also pushed to a new 52-week high after hours. It was down today after an earnings call as Cramer mentioned. This is also an ANGO rule pick since it is now below today's high price of $12.91. Since the stock didn't actually miss earnings and was inline according to Cramer, this recommendation could bring this back to where it was and hold it pretty strong. It has been falling steadily after hours since the mention. Even though I wouldn't really short this due to the ANGO, the ANGO rule is only right around 50% of the time. This is one to watch and see if it breaks $13 tomorrow morning. I would look at around 9:35am and if it is near $13 and hasn't broken it then it could come down a bit then. Otherwise I would personally leave it alone.

Cramer's third pick was TMY Transmeridian Exploration Inc.

Closing Price: $6.67
After Hours Price: $7.45
Percent Increase After Hours: 11.5%

I'm shocked. Ok not really. Another 52-week high. This one feels a lot like KRY. KRY was a good short after hours the night Cramer mentioned it and dropped right at the 9:30 open the next day before going up only minutes later and staying up. This one trades on the AMEX so I can't trade it in the extended hours. The volume was up big today and last Friday with no news and is up from the $5 range in recent weeks. With a pick this cheap I like to look for only a small drop on a higher quantity of shares short and not risk holding short very long. Shorting oil isn't a great idea in my opinion. Oil was down today, but TMY was up. TMY was trading in line with major oil stocks like OXY and XOM recently, up until Friday where TMY broke the trend and went higher, which is obviously a strange occurrence and a concern.