Update - ACO

Well, another tough day for the short side of Cramer's picks. ACO opened in the pre-market at $32, which was slightly above last nights price, and that appeared to set a trend for the day. The stock went to $31.76 in the pre-market but that was short lived, probably a typo by someone with a limit order? The stock traded slightly above $32 until 9:45am when it began some more upward momentum and ran to its high of $33.21 at 11:13am. It came down to $32.69 from that point, but it would have been hard to time the top for sure. I didn't see any news to give reason to the run-up. Oil stocks did start the day slowly but did climb a bit. I think there are 2 major things to consider here. One was that the stock was up $1 yesterday before the mention so momentum probably came into play. And two, the 52-week high it hit. I'm beginning to feel that it might be best to stay away from those 52-week high picks for a while until I can have a look at more examples and see if they have any relationship to eachother. And an extra point....maybe the shorts are getting messed with? My some hedge fund has clued in, waits for a point where shorts would typically jump in, and bang, they raise the price with some heavy buying and force the price up? The volume today was about 4X higher than average, and there were no huge spikes in volume, only a few times where it traded around 10,000 shares in a minute and those were on the way up and had stopped after it peaked. No matter what it was, it is still a concern when the picks don't really drop at all. Hopefully tomorrow is a better day.