Update - BMRN

BMRN opened in the pre-market with light volume at $13.34, right around the highs from last nights after hours price. It dipped right before the bell before going up to $13.33 right at 9:30am. It then went and hit its low for the day of $13.00 by 10:40am. It did spike right at 11am and shot up to a new high of $13.44 but the trade should have been over before that had a chance to happen. So not a lot of opportunity to short in the pre-market but some good opportunity to short in the high $13.20's to ride down.

Although I didn't watch them today and didn't consider any of them as great short candidates, here is a brief look at K, PEP, TOL, GENZ, GILD and CELG:

K - Open: $47.23
1st peak: $47.37 at 10:08am
Low after peak: $47.22
% drop: 0.3%

PEP - 1st Peak and Open: $60.71
Low after peak: $60.36
% drop: 0.6%

TOL - Open in the pre-market around last nights price of $28.80 and only hit a low of $28.57 afterwards. It then climbed from there and hit a high of $29.28.

GENZ -1st peak: $59.95 at 9:30am
Low after peak: $59.00
% drop: 1.6%

GILD - 1st peak: $56.26 at 9:28am
Low after peak: $55.25 at 9:33am
% drop: 1.8%

CELG - 1st peak: $43.03 at 9:37am
Low after peak: $41.05 at 3:14pm
% drop: 4.6%

So some decent numbers on some of the biotech picks (keeping in mind CELG was up before Cramer mentioned it last night). Most saw the opening bell spike and drop but were all a bit pricey and didn't see much pre-market action which makes them hard to read.