Update - Q SHLD

Q Qwest Communications International Inc. followed the recent trend today of trading above the nights before price and dropping at or within the first few minutes of regular hours trading. Q traded in the pre-market mostly above the $6.50 level reaching a high of $6.56 at 9:11am. At 9:26am it was trading (although lightly) at $6.55 before hitting a low for the day of $6.31 at 9:31am. Huge volume was seen in the first minute of trading of 1.1 million shares where the quick drop was seen. So a very decent drop in my opinion with a pattern that is becoming very regular.

SHLD also had a big drop at the opening bell going from $158.90 to $154.20 at 9:47am. So not something normally considered for shorting but did show the normal drop pattern. Hard to say if this was really a Cramer influence or not. The stock did rebound and close much higher on the day.