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Monday, May 22, 2006

Update - TLAB GGC

So I didn't get a chance to look at how other Friday picks normally react come Monday morning but after TLAB and GGC my comment that I have noticed them fall right from the pre-market open was pretty reflective here.

TLAB opened in the pre-market at $14.10 on only 200 shares, .30-cents down from Fridays after hours price. It went up right away from that point and briefly touched its high of $14.38 at 8:27am. It was then downhill from that point reaching a low of $14.00 by 10:07am. There wasn't really a big spike at 9:30am as has been seen recently, I assume because the air was out of this already.


GGC hit a high of $31.15 in the pre-market at 9:07am on light volume. There was also no 9:30am spike as the stock fell steadily to a low $29.95. So after trading at the $31.30 after hours Friday this is a very big drop. The stock is actually in the red now, so it has lost all of the gains that Cramer created for it. Of course the market is down today so that is probably the cause, but it could also be that the stock was up a lot on Friday before he mentioned it.


So, 2 picks on a Friday that go downhill for the better part of the pre-market and into the regular hours on the Monday and no 9:30am price spike. So the question is: Short after hours on Friday and risk weekend news or wait till Monday morning and try to catch a high early? Still something I want to look into more when I get a chance so hopefully I will do that before this Friday.

Comments on "Update - TLAB GGC"

 

Anonymous Anonymous said ... (May 22, 2006 1:57 PM) : 

Quite the 11:30am turn on GGC -- This type of turn is pretty unusual don't you think?

 

Blogger CramerTracker said ... (May 22, 2006 2:08 PM) : 

Yes, the turnaround is a bit surprising. Several times the picks go down after their inital highs and go back up for the rest of the day but I have never noticed one go red and make such a big comeback. Having said that, GGC seems to have a lot of momentum with its big gain it had on Friday before Cramer mentioned it. Maybe just some people took profits early and bought back when it dipped.

 

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