Update - ARRS NITE SYT

ARRS peaked in the pre-market this morning at 8:17am at a price of $12.90. It then dropped quickly at the opening bell to $12.55. Not a huge drop, but almost 3% is pretty nice. For me with a stock of this price I would normally only look for a .10 to .20 cent drop and this was easily achieved.

4pm Update: As a commenter posted, there was little volatility with today's 3 picks. All 3 traded in very tight ranges. ARRS and NITE had opportunities early for very well timed shorts. ARRS traded 4.8 million shares with an average of just over 2 million. The average volume is higher than a lot of Cramer's "cheaper" picks, so this one had some attention prior to the mention last night.


NITE climbed to $16.92 at 9:39am after jumping around in the pre-market between $16.50 and $16.90. Another example where the psychological price barrier came into play. The stock is currently dropping as I look at it and has it a low of $16.58. From high to low there was a 2% drop, and easily dropped the .10 to .20 cent price target. This one is holding up pretty well and has some sector strength behind it with both AMTD and ET trading up .24 cents and .47 cents respectively.

4pm Update: So NITE's final low after its high of $16.92 was $16.52 at 10:52am, not long after I posted the first update it looks like. After that low it climbed and broke the $17 level. There was some very strong sector support from AMTD and ET who were up .60 and .62 respectively at the end of the day.



SYT hit its high of $29 but couldn't break that level at 9:33am. It has only come down to a low of $28.85 after the initial climb. My prediction of a .20 or .30 cent drop from the high $28's has not held true yet but it is still early. This is still taking longer then I would like to see, but this was an unusual pick since this is the second time Cramer has mentioned it this year. The stock is testing both the high and low ranges for the day though, so if it can't break through the high soon it might run out of gas and break below $28.85.

4pm Update: SYT was the worst of breed here for shorting. I thought it would break the lower support of $28.85 and go down before it broke the upper support at $29. I really don't know what to account for this because I don't see why Cramer mentioning this twice this year would make it so much stronger. The stock is down after hours to $28.87, so back at the lower support level. Maybe people just didn't feel like selling into the Cramer mention this time because if he mentioned it twice maybe he will do it a third time and they can get another pop? So this wasn't a very good short, but at least it didn't really run that much from last nights after hours price so if anyone is under water on their trade it might not be too bad. I will definitely keep my eyes open for Cramer repeat picks from now on though.

After a bit of thought...I wonder if this stayed strong because of the number of Cramer buyers from last time weren't up enough (because the stock fell of its highs last time he mentioned this stock) and they didn't have enough of a profit to bother taking it? Just a thought.