Update - GGB AES TGI

So GGB was a bit of a surprise today. It went red in the pre-market when it hit $16.94 at 9:15am after opening at 8:00am at $17.74 right around last nights price. I have seen a few of Cramer's picks go red the next day, but not this early. I tried to find some news but didn't find any. Yes it was a bad day for the market in general (2nd one in a row no less) so I'm sure that had plenty to do with all of todays action. It did go up right before the opening bell only to fall lower minutes later. GGB hit a low for the day of $16.34, a drop of $1.66 from last nights after hours high. So yes, great news for short followers, but who really could have expected it? Anyone that short after hours would have done great, but waiting until this morning left little chance because its hard to chase the stock down with a short.


AES, after trading at $18.30 last night opened at $18.17 this morning at 8:01am. It traded lightly in the pre-market as it stayed close to the $18.25 price. It then traded in a very tight range all day between $18.25 and $18.05. So not a lot to short here. No big spike at any point so no big decline even with 3x the normal volume. All in all, a very dull day with this one.


TGI traded lightly in the pre-market around the $51 level, slightly below last nights after hours price. It then shot up to 54.90 at 9:49am after opening at the opening 9:30 bell at $51.37, an increase of $3.53 in 19 minutes! This only had a 3% short ratio, but a pretty small float of 15 million shares. Its the only thing I can see that might explain the huge jump. The stock then declined for the better part of the day and hit a low of $51.00. The size of the float is something I will be taking a closer look at now after this one. And just to note, the ANGO sort of looked like it was a good call with such a big spike but the time of the spike wasn't really that abnormal.