Update - DWSN CLB FTI

So DWSN didn't really fit the 52-week high mold today at peak at 10:30 (although it's second peak was near there, but for me the short would have been over before that point), but did play off the $35 resistance price. I replied to a comment this morning and said if it didn't break $35 at the opening bell at 9:30 that it would come down, and sure enough it did. It fell to $34.10 a minute into the regular market after seeing a high of $34.94 in the pre-market. The stock then rose again to $34.95 at 10:11am and then took an even bigger fall to $33 by 12:28pm. The price of oil did fall pretty hard during the day, below $70 a barrel so that probably played a large role.


CLB, the other 52-week high stock did follow the recent pattern of running higher until the 10:30am time range. CLB opened in the pre-market ($65.86) above last nights after hours close and continued to run up to $68.74 at 10:12am. It then dropped to $65.52 by 12:36pm.


FTI was a bit of an oddity. It opened in the pre-market below last nights regular close before the Cramer mention. It opened at $55.94 for 500 shares, .25 cents below yesterdays close of $56.19, and $1.10 below last nights after hours close. The stock didn't get back up to last nights price level until around 10:10am. It then continued up to $57.61 by 10:54am. This was an ANGO no short situation and wasn't exactly right but wasn't a bad call. This did have very strange price action today, but did have a lot of upward momentum and didn't have a typical price peak so I like to consider this a good ANGO rule call. The best time to short would have been after hours, but with low volume in the morning, covering might have proven difficult if anyone tried.