June 30th - Repeat

Looks like this was a repeat of the February 21st and April 17th show on the Minerals Bull Market.

Highlighted are:

BHP BHP Billiton Ltd.
FCX Freeport-McMoRan Copper & Gold Inc.
RTP Rio Tinto plc
MTW Manitowoc Co. Inc.
TEX Terex Corp.
CAT Caterpillar Inc.

I didn't care to short these the first 2 times this show was aired and I don't see any reason to change that now either. MTW was up pretty big today on good guidance and is down after hours, but nothing to do with Cramer I'm sure since that part of the show hasn't even come up yet. Well, on to next week, a short trading week. I think I saw something about a Cramer marathon on July 4th??

Don't forget....a new comment/discussion site I set up at at http://cramertracker.tripod.com/ Not many posts so far (besides me copying over some older ones) so feel free to post!

Update - MSPD

MSPD had the most pre-market action I have seen in a while. People got way to excited for a stock from a repeat show, where the focus was on how to read news, and not so much the stock itself. I think the big up day yesterday after people interpreted the federal reserve meeting as being positive when really it was more deceptive then anything helped the positive feelings for MSPD. MSPD hit a high of $2.95 right before the opening bell after opening in the pre-market at $2.70. The stock then opened at $2.85 and fell early, leveled off around $2.60 and went even lower at the end of the day, presumably as people started selling because their dreams of this stock skyrocketing were a mistake. The stock closed in the red at $2.41 down .06-cents. This really has to be one of the funnier Cramer picks...if you can even call it a pick. I'm sure Cramer will take no credit for this blunder. How many other times when he shows a repeat that he puts the "Recorded On" note in the bottom of the screen?? He doesn't do that because he doesn't want people to change the channel I would bet. So when he does show it, to me it means...For the love of god don't buy these picks, that's not what I'm trying to show you here! Unless the Yahoo message board was full of short sellers in long clothes there were way too many positive people posting last night. Too funny, but great news for the shorts. It means people aren't afraid to keep buying Cramer picks!

June 29th - Repeat Show - MSPD

Even with a splice job of repeat shows, which was clearly indicated by the "Recorded 3/20/06" on the bottom left people still bought up MSPD Mindspeed Technologies Inc.

Closing Price: $2.47
After Hours High: $2.72
Percent Increase at High: 10.1%
Price Level Off Point: $2.70
Percent Increase at Level Off Point: 9.3%
Trades on NASDAQ
Sector: Tech
Short %: 1.09%
Days to Cover: 0.9

Even though the stock traded at $3.55 last time this show aired people are still bidding it up 10% tonight down at $2.50! If it was so good then, why is it down 40%??? This is under $5 so a lot of brokers won't allow shorting of it. Its hard to say what the market might do tomorrow, considering we were up today even when the fed raised rates and didn't say they would stop. Either way, there is little chance this will hold all of the gains from tonight, but don't expect a huge drop since a little drop still represents a pretty good percentage. Here is what happened the next day last time Cramer picked/ran this show:

Well MSPD looked like a typical Cramer pick in terms of price action the next day. The chart shows a steep decline at the premarket open from $4.02 down to a low of $3.76. For a cheap stock this is a pretty good decline. Then, a spike right at 9:30am to $4 again followed by another quick drop to $3.76 within the first half our of regular trading. Not to mention a drop to $3.80 within the first 5 minutes of the regular market. Once again, this shows people pay up right at the premarket open and the 9:30am regular open. Maybe I should be looking for a broker that will let me short under $5!

Here is the chart from the next day last time:

Cramer also picked ZUMZ Zumiez, Inc. but it only sparked some light after hours action with a 1% increase. The stock has split since this first aired so the stock is up since he last mentioned it. Also, ZUMZ was up 12% today (+$3.77) so another up day tomorrow could keep this one strong again.

Cramer also picked EXP Eagle Materials Inc. because of its heavy short percentage. When this episode first aired the stock was trading around $56 (I adjusted based on a split) and is now at $44. Very light trading after hours but it has gone up around 2%. The short percentage is now 13.14% with 3.5 days to cover. The volume today was over double the daily average, so technically that would cut the days to cover in half if the volume continues to stay high, which would reduce any sort of squeeze. Also, the stock was up 2% today as well so some short covering may have already begun.

Do people not realize the topic of the show was how to read between the lines of news about stocks to find what to buy and not acutally the stocks he was mentioning! I'm sure he will come back next week and call anyone that bought off a repeat show crazy!


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June 28th - Repeat and FAST MONEY!

As expected, Cramer had another "encore" show where he highlighted Stocks from the USA. Featured were FLR Fluor Corp. FWLT Foster Wheeler Ltd. HAL Halliburton Co. CMI Cummins Inc. CAT Caterpillar Inc. DOW Dow Chemical Co. DE Deere & Co. BA Boeing Co. NUE Nucor Corp. UTX United Technologies Corp. IR Ingersoll-Rand Co. Ltd. TM Toyota Motor Corp.

These of course are big companies that aren't really short worthy.

Since it is a slow Cramer week, I figured I would take a look at Fast Money that appears to be on every Wednesday night now on CNBC at 8pm Eastern Time. Since I don't think this has the same sort of following and is really a different show then Mad Money I will just post what they had to say, since I don't think there are any online update from CNBC to tell people what was discussed for those that missed it.

The first segment titled "The Approach" highlighted stocks based on the recent mergers and aquisitions and playing quality names in a down market.

AA Alcoa Inc.
FDX FedEx Corporation
OSG Overseas Shipholding Group Inc.
Coal Stocks

The next segment looked at the "Word on the Street". M&A and commodity prices should support stocks. It looked at the new IPO for J Crew and what does it mean to go public in a down market. Does it mean the company is a strong one? There was mixed reviews from the panel about if IPO's are a good thing to play. The charts look good for IPO's but its smart people who are trading them so be careful.

Another segment named "Roll The Dice" made some bold picks:

GM General Motors Corporation (September 20 Puts/Short)
NYX NYSE Group, Inc. BUY
PAAS Pan American Silver Corp. BUY

The next segment titled "Take Your Position" focused on some earnings reports tomorrow and what people should do.

ACN Accenture Ltd. Buy before earnings
CRMT America's Car-Mart Inc. Buy before earnings
RIMM Research In Motion Ltd. sell before earnings
FLS Flowserve Corp. Buy before earnings
STZ Constellation Brands Inc. Sell before earnings
EEQ Enbridge Energy Management LLC Buy before earnings

The next segment was "Stocks On Sale"

Natural Gas Sector:
CHK Chesapeake Energy Corp.
THX Houston Exploration Co.
APA Apache Corp.
ECA EnCana Corp.

KR Kroger Co.
JNJ Johnson & Johnson
YSI U-Store-It Trust
SYY Sysco Corp.
DOW Dow Chemical Co.
CNQ Canadian Natural Resources Ltd.
QCOM QUALCOMM Inc.
DG Dollar General Corp.

The next segment was "Fast Money World" that looked at stocks to buy around the world.

RIG Transocean Inc.
HSE.TO HUSKY ENERGY INC

How to trade all the RAIN

DE Deere & Co. Buy because with all the rain, grass will be growing and people will need lawnmowers.
RTH Retail HOLDRs Short It because they will blame rain for poor sales.
YHOO Yahoo! Inc. Buy because people will be indoors due to the bad weather.


Check out the new comment/discussion forum! http://cramertracker.tripod.com/

Update - MTU MC

Check out the new comment/discussion forum! http://cramertracker.tripod.com/

I didn't expect much action from one of Cramer's "repeat shows" (it was more of a compilation of repeat shows) but MTU and MC did show a bit of Cramer effect.

MTU opened in the pre-market at $13.20 after trading after hours last night at $13.18. A pre-market high of $13.22 was found at 8:49am. The stock then opened at $13.29, had an initial dip to $13.20 before it gain a bit and eventually fell to a low for the day of $13.10. The volume for the day was lower than the daily average.


MC opened in the pre-market at $20.14, right around last nights after hours price point. It then climbed to a pre-market high of $20.38 right before the opening bell, opened at $20.37 and slipped to a low of $20.07 around 9:55am. The low for the day was $20.05, and the stock closed up at $20.14 for the day and didn't fluctuate much after the initial drop. Volume for the day was slightly less than average.


And don't forget to check out the new comment/discussion forum! http://cramertracker.tripod.com/

June 27th - MTU MC

Well, Cramer didn't do his radio show again today, and from what I read he isn't doing it all week. Another repeat show tonight maybe?? Maybe repeats all week?

And if Cramer is off all week, make sure to check back here anyway. I plan have a discussion site up and running very soon, rather then having the comments posted here at the blog get pushed down and forgotten every time I make a new post.

Even with a repeat show, with clips from back from October 2005, people bought the first pick MTU Mitsubishi UFJ Financial Group, Inc.

Closing Price: $13.05
After Hours High: $13.27
Percent Increase at High: 1.7%
Price Level Off Point: $13.18
Percent Increase at Level Off Point: 1.0%
Trades on NYSE
Sector: Financial
Short %: 0.02%
Days to Cover: 0.9

Even with some buying after hours, not much of a price increase at all. I think most people realized that these picks are over 6-months old since the air date was on the screen. I see no real potential here, but figured I would post the info anyway. If there are any other picks that have some volume I may post the info, but it doesn't look like they will be trade-worthy.

The only other pick with some after hours action was MC Matsushita Electric Industrial Co. Ltd.

Closing Price: $19.86
After Hours High: $20.19
Percent Increase at High: 1.7%
Price Level Off Point: $20.13
Percent Increase at Level Off Point: 1.4%
Trades on NYSE
Sector: Consumer Goods
Short %: 0.01%
Days to Cover: 0.3

Again, not a huge price increase after hours, but some volume. Funny how the segment kept referring to how cheap this "22 dollar" stock was and how explosive it could be. Well, 6-months later it is down to $20. To Cramer's credit though, it did hit a 52-week of $25.14 back in May. Not that it really matters, but this is an ANGO no-short rule situation since the after hours price is below the high for the day. Not really a surprise for a repeat show pick.

June 26th - Repeat Show

Well, after Cramer didn't do his radio show today, I was pretty sure that Mad Money was going to be a repeat show, and yes...yes it was. Doesn't look like Cramer picks stocks in this repeat so probably nothing to play. If anything worth while is mentioned I may come back and update this post.

Looks like Fast Money is back on this Wednesday at 8:00pm Eastern time according to my digital tv guide. Maybe just a weekly show? Worth a look if you ask me.

June 23rd - JCP FMD GRMN PNRA GIS WLT DVN

Cramer 3 picks for next week as per his game plan Friday show were JCP J C Penney Corporation, Inc. FMD First Marblehead Corp. and GRMN Garmin Ltd.

These stocks closed today at $67.50, $56.48, and $98.34 respectively. I don't think I need to say much more than these are just too rich and big for my blood. Cramer also mentioned PALM and RIMM in passing since they report the same day as the Fed meeting next week and said their results will get drowned out, even though they could have strong earnings. No real short play in those either for Monday, but I figured I would mention that anyway.

Cramer looked at 3 types of stocks: High Growth - PNRA Panera Bread Co. Consistent Growth - GIS General Mills Inc. and Value Stocks - WLT Walter Industries Inc.

These stocks closed today at $66.73, $51.11, and $48.39. Deja vu? Three more "expensive" picks, that again, I'm not interested in shorting come Monday.

Cramer's last pick was DVN Devon Energy Corp.

The stock closed at $55.68 and is an oil and gas play, a sector that I would not short. Cramer is not really the first one to mention DVN as the next buyout candidate as I heard it mentioned this morning on CNBC.

Update - ZZ

So ZZ broke the $13 barrier in the pre-market at 9:11am after opening at $12.72. It went as high as $13.19 in the pre-market, after trading to a high of $12.83 last night. Yahoo! indicates an open at 9:30am of $13.05, with a high of $13.24 in the first minute, but that doesn't look like the case on the chart below. BigCharts shows the high coming in the first minute though. At around 9:50am the low for the day was found at $12.86, for a drop from the high of 2.9%. Now, this was supported heavily today with the stock holding over $13 very well, on average volume. The peak price was only seen for a very short time and the bottom didn't stay long either. After this hit $13 and above in the pre-market meant I had no idea where it might stop so staying away was an easy choice. Even so, I didn't expect it to stay as strong as it did. To be honest, given how straight the chart for today is I am a bit suspicious. I can't track down the pre-market numbers from my usual site because for some reason the regular data isn't shown. I really wanted to see if there were any big block trades. I can't imagine this is just Cramer's doing.

June 22nd - WHR ALL ZZ

Cramer's first segment featured WHR Whirlpool Corp. a stock that closed at $80.33 today. Obviously a very expensive stock that doesn't have a compelling reason to short. It did trade after hours to a high of $81.00 but that's only an increase of 0.96%.

Cramer's next pick was an insurer ALL Allstate Corp. Again, another expensive one that trades at a closing price today of $53.04 and has gone up to $53.66 after hours. Too expensive and too big for me. Is Cramer trying to compete with Fast Money by trying not to look bad and picking bigger stocks that are less likely to move as much as his picks did today....well into the red!

Finally, Cramer spoke of his bad pick of ZZ Sealy Corp. and said to back up the truck now, even after it has fallen from $18 to $12 since its IPO.

Closing Price: $12.20
After Hours High: $12.83
Percent Increase at High: 5.2%
Price Level Off Point: $12.78
Percent Increase at Level Off Point: 4.8%
Trades on NYSE
Sector: Consumer Goods
Short %: 0.37%
Days to Cover: 0.2

Surprisingly low current short % considering how terrible this stock has done, but that may indicate a bottom in the stock sicne the Short % Increase/Decrease is -34.44% and I take that to mean that the short interest has declined that much. This was up today (up $0.08) on a down day which shows some strength but the volume was well below the average. I don't see this one taking off to great highs tomorrow since its biggest up day since its IPO was only about a .30-cent gain, and we are up around .60-cents already tonight. I would keep an eye on the $13.00 level and would look to short at the high $12's assuming it doesn't break $13 early in the morning. Keep an eye out for any big block trades too since this is an NYSE stock, with lots of people who have probably lost a lot of money already.

Update - VAS VITL SIRO

VAS opened in the pre-market at $24.85 and only had 2 trades for a total of 300 shares at that price. The stock traded at $24.60 after hours last night. The stock opened at $24.31 but quickly went up to a high of $24.52 by 9:40am and took a big drop to a low for the day of $23.75

VITL opened in the pre-market at $51.53 and had some rather large up and downs going between a high of $52.30 and low of $51.50. It then opened at $52.28, the high for the day, and promptly fell sharply till 10:00am and continued to slowly drift lower hitting a low of $50.01.



SIRO had its first trade of the pre-market at 9:11am for $42.50 with a large trade of 14,277 shares. 12 minutes later the stock traded higher at $43.10, and reached a pre-market high of $43.26 1 minute before the opening bell. The price then went up to 43.47 just after the opening bell and slid downward for the better part of the day, hitting a low of $41.49.

June 21st - RIMM VAS VITL SIRO

Cramer's first pick tonight was RIMM Research In Motion Ltd.

Closing Price: $62.86
After Hours High: $63.54
Percent Increase at High: 1.1%
Price Level Off Point: $63.48
Percent Increase at Level Off Point: 1.0%
Trades on NASDAQ
Sector: Technology
Short %: 6.67%
Days to Cover: 2.2

The first time in recent memory with some action after hours and its an expensive, well known, bigger volume stock! People really enjoy this stock because BlackBerry is so well known these days. It was up today (up 0.82) but it has been beaten down from the mid-80's since March so this may help turn it around, not to mention it is just too rich for me.

Cramer picked 3 stocks VAS Viasys Healthcare Inc. VITL Vital Signs Inc. SIRO SIRONA DENTAL SYS

VAS
Closing Price: $24.06
After Hours High: $24.75
Percent Increase at High: 2.9%
Price Level Off Point: $24.60
Percent Increase at Level Off Point: 2.2%
Trades on NYSE
Sector: Services
Short %: 4.21%
Days to Cover: 5.6
Average Volume: 220,282

So, this one looks like the only pick of the day that has some short potential. I noticed on several stocks today that they traded below average volume but were all up on an up day. This tells me that we have not turned the corner of the market weakness and I expect a down day in one of the next 2 days. Of course if it's tomorrow it will drag this one down for sure. We have a company who isn't making money yet, a bigger available float (unlike TGI today....see comments from yesterday), and not a huge short position in the stock already to force a big covering spike. This trades on the NYSE so again I will be on the look out for any big block trades to see if this will get pushed around.

VITL
Closing Price: $51.40
Ummmm.....the after hours info says this is at $87.77. Too expensive at $51.40 and definitely too expensive at $87.77! I'm sure just a mistake that will be corrected, but I'm not interested regardless.

SIRO
Another confusing one. Yahoo! shows the price of $42.50 but the 52-week range is $19.33 - $27.20 and it wasn't up $20 today....maybe a split? It also shows an average volume of 13 million shares, but only traded 114,000 today. I don't trust this info of course, but so far no after hours trades either.

Update - HEI HLT MOG-A TGI

Not a great day for the shorts here. HEI opened in the pre-market at $30.11 after trading at only $29.41 after hours last night. It did settle down in the pre-market trading at $29.67 before the bell, but on light trading. Yahoo reports the 9:30am opening price of $29.07. My chart program shows a delay to the opening trade but it looks like we hit a high of $29.36 in the first few trades and quickly took a dip to $29.02 at around 9:47am. A new high was seen after that with a slight dip from that where it traded in a pretty tight range for the rest of the day. Volume was about double the daily average.

HLT got a "positive note" from Merrill Lynch in the morning right near the low price of the day as can be seen in the chart bellow, right around 9:45am. Before that note, it traded at $27.10 in the pre-market on a few trades after hitting the $27.20 level last night. I noted last night that it would have to hit that high again in the morning to make it a worth while short and it never did until later in the day beyond 9:30am. It opened at $27.00 and took a short dip to $26.76 right before the positive note.

MOG-A which didn't participate in after hours or pre-market trading also had a pretty strong, but volatile day. The volume wasn't much higher than the daily average, which was odd considering it was up, but so was the overall market. There really wasn't a dip that can be attributed to Cramer, but it only opened up .25-cents from its previous close so no real reason for shorts to jump on it.

TGI which I had skipped over last night had the most interest in the comments for my post yesterday. Kudos to a poster who did some great research and predicted that it would surge today and it did. I thought the volume wouldn't be there due to the price, which was somewhat right....the volume was 184,000 with an average of 115,000, but the price still shot up. I replied in a comment this morning that the sellers must have kept their ask price high and the buyers were chasing it up. With a large institutional holding in the stock, the float appears to be very limited.

On another note, Cramer actually picked this stock before since I have been writing this blog since I have its intraday chart from the last time. The second chart is from the last time he picked it....it was a much different story then



Last time Cramer picked it:
p.s. I miss my old charts :(

June 20th - TGI HEI MOG-A HLT

Cramer's first picks were TGI Triumph Group Inc. , HEI HEICO Corp. , and MOG-A Moog Inc. as plays on aerospace.

TGI is a bit to expensive so I will only look at HEI and MOG
Update: Check out the comments for this post to see some information and ideas on TGI.

HEI
Closing Price: $28.85
After Hours High: $29.41
Percent Increase at High: 1.9%
Price Level Off Point: $29.39
Percent Increase at Level Off Point: 1.9%
Trades on NYSE
Sector: Industrial Goods
Short %: N/A
Days to Cover: 35.3

MOG-A
Closing Price: $33.63
Trades on NYSE
Sector: Industrial Goods

I'm having a hard time finding after hours info on MOG-A. It trades at pretty low average daily volume (153,000 shares). This is the first pick in a while with this little volume. This has the potential for a big unpredictable spike. I will have to check some other delayed sources to see if there is any after hours price movement. It's possible that if no MOG-A owners are watching Cramer and there were no sell orders sitting and waiting that this may not trade at all tonight. HEI only has a few trades after hours for a very small price increase. Industrial goods aren't great for shorting as per my analysis chart, averaging only a 3.2% drop from highs compared to other sectors that are in the 5% drop levels. If this even goes near $30 near the bell then watch out for any big block trades that could signal a downturn, like CAL today. I also don't know why shortsqueeze.com sometimes doesn't have the short % but has the number of days to cover. In this case the average daily volume is very low, even lower than MOG-A so that could explain the number of days to cover.

Cramer's second pick tonight was HLT Hilton Hotels Corp.

Closing Price: $26.72
After Hours High: $27.23
Percent Increase at High: 1.9%
Price Level Off Point: $27.00
Percent Increase at Level Off Point: 1.0%
Trades on NYSE
Sector: Services
Short %: 1.7
Days to Cover: 2.2

HLT is barely trading above its high for the day putting it very close to the ANGO no-short rule but not quite. Much like industrial goods, the services sector hasn't been the best for shorting, having the worst % drop on average of all the sectors in my chart with only a 2.8% drop from highs. Since this is only up around 1% tonight this would have to go in the red tomorrow to even reach the average drop. Another NYSE stock so keep an eye out for some big block trades to get an idea of any changes in price direction. If this goes back to the after hours high in the morning then it could have a good dip back down to the low $27 level for a good cover point. If it opens below $27 then there might not be enough of a spike to bother with.

Cramer's last picks were GS Goldman Sachs Group Inc. LEH Lehman Brothers Holdings Inc. and BSC Bear Stearns Companies Inc. and are all far too big and expensive to think about shorting here.

Update - CAL URBN MA

CAL showed the most pre-market trading that I have seen in a while. It opened at 7:41am at $27.10 after trading last night above that. There was a trade of 17,300 shares at 8:40am at a price below the other trades at $26.90 after the stock had hit highs before that of $27.30. Is this the specialist/MM/hedge fund up to something? 2 minutes later the stock was up immediately to $27.25 and re-hit its high in the pre-market of $27.30 at 9:26am. At the open of 9:30am I see some conflicting numbers. In one place I see $26.90, the same price as the big trade in the pre-market and the other place says it opened at $27.80, a rather large price jump from where it traded only minutes before. In the first few minutes of trading we saw an initial high of $27.86 with a quick drop to $27.52 a few minutes later. The stock then showed some volatility and hit a new high of $27.90 before dropping later in the day to a low of $27.14 as the market cooled off.

Also of note, just before 11am there was a huge volume spike of almost 400,000 shares. My guess would be the 17,300 shares bought in the pre-market was a buy that was sold into the 9:30 opening spike, and the 400,000 shares was a short as that was at the EXACT time of the high for the day. Someone that can afford 400,000 shares I don't think is buying at the top.


As a commenter indicated URBN was pushed down so much in the pre-market on Cramer's sell recommendation that it actually spiked up at the opening bell. It did reach break-even territory near mid-day before falling a bit as the market weakened. So this is the Cramer effect on a sell recommendation. He says sell, it goes down and then spikes up. Of course this one example doesn't define the rule, but interesting to see this happen. Again, my stance is to definitely not short his sell picks given today's example as a good reason, and because the trading edge just isn't there.

MA which I didn't consider a short for had a strong start going up early and then fell pretty heavily. The volume wasn't very big at the opening bell and the pre-market action was light, with no large block trades. The final volume for the day was well below average as well. So I think its safe to conclude that the drop had very little, if anything to do with the Cramer effect.

June 19th - CAL MA VZ URBN

Let me start out by saying that I am just getting my feet wet with RSS feeds. I see some people have subscribed so that's nice to see. If there is anything I can do to make the feeds better let me know and I will try to figure it out. Also, I have added a new blog to my series http://dykstraoptionspicks.blogspot.com/ where I take a look at Lenny Dykstra option picking track record...and let me just say he is pretty darn good.

Cramer's first pick tonight was CAL Continental Airlines Inc.

Closing Price: $26.90
After Hours High: $27.60
Percent Increase at High: 2.6%
Price Level Off Point: $27.21
Percent Increase at Level Off Point: 1.2%
Trades on NYSE
Sector: Services - Major Airline
Short %: 17.6%
Days to Cover: 3.3

Relatively large short percentage but large daily volume brings down the days to cover to only 3.3, so nothing too scary there. As I have mentioned several times, the services sector hasn't had a great track record for shorting and the after hours increase is pretty tame. An up day in oil tomorrow would most likely bring this down, but the merger news, and the fact it was up today in a down market is a bit worrisome. I still think this comes down off a 9:30am-ish spike tomorrow, but after that the market and oil prices will take over the price action.

Cramer's second segment featured The Good - MA MASTERCARD INC and The Bad VZ VONAGE HOLDINGS CORP. VZ has only had 3 up days since it came public but is already down 50%. Shorting is an option here, but not something I would consider doing since that really isn't something Cramer has "uncovered". I think everyone knows that VZ has not done well and shorting now seems a bit late. MA has only had 6 up days itself since it came public, but has gone from I believe an IPO price of $38 or $39 to a high of $49.15. It closed today at $44.34 (down $0.68). It has some after hours price action taking it to $44.73 which is only a 0.87% gain which is not enough to consider a short. The legal woes may put a cap on this stock, but due to the higher price and high average volume (5.7 million) I don't see any potential here.

Finally, Cramer had another Sell Pick in URBN Urban Outfitters Inc. As with his other sell picks I have stayed away from shorting them since its really not the same game. As I mentioned in a comment in reply to someone "Shorting a sell pick is like buying a pick because he says buy I figure? So when Cramer says buy I short, so my first thought when he says sell isn't to sell, but maybe it should be." Who would be buying in the after hours and pre-market if they watched Mad Money? I'm sure shorting a sell pick has worked well recently since most stocks are down, but I don't think it works just because Cramer says sell. The market will take over at 9:30am without much Cramer effect so I don't feel any edge is gained.

Update - ARO

ARO had 5 trades in the pre-market of only 700 shares total. The price opened at $27.00 and traded to $27.15 at 9:09am. The opening price at 9:30am was $27.10 and saw a high of $27.20 a few minutes into regular trading. A quick drop was seen and an initial low of $26.50 was seen around 10:45am. The low for the day was $26.23 as the stock went into the red later in the day. So not much to read into this one. The market was down today and brought this down with it as it appears. The volume today was below the average for the stock, which might also give some indication that the stock did not hold its gains.

June 16th - ARO TLM TDG.UN

Cramer did his Friday next week game plan segment and mentioned a few stocks that might be good to pick up before they report their quarterly numbers and they were BBBY Bed Bath & Beyond Inc. and FDX FedEx Corporation. No trades so far after hours since Cramer mentioned them, which is fine because I personally don't think these would be great opportunities for a few reasons, namely their price and the potential for any sort of pre-earnings price run-up that could happen.

Cramer's next segment was "Back to School" and his pick was ARO Aeropostale Inc.

Closing Price: $26.53
After Hours High: $27.00
Percent Increase at High: 1.8%
Price Level Off Point: $26.85
Percent Increase at Level Off Point: 1.2%
Trades on NYSE
Sector: Services - Apparel
Short %: 6.9%
Days to Cover: 2.9

No huge price spike after hours and not a big short percentage to cause any big spike on that. The services sector has not been great for shorting (see my "Recent Analysis" link on the right side). This is also an ANGO no-short situation since the high for the day was $27.04 and we are trading below that after hours now. ARO was down today so this gives me another opportunity to do some research into the ANGO situation when the stock was down on the day, but of course will not be shorting it no matter how tempting.

Cramer's third segment was about TLM Talisman Energy Inc. and TDG.UN Trinidad Energy Services Income Trust. I'm not one to short the oil and gas stocks and won't start to do so here either. In my history with income trusts I don't expect to see any huge price spikes anyway, and I'm not really sure how many people will be able to trade it through their regular brokers. The Yahoo! Financial page does not really handle income trusts very well and appears to consider it a mutual fund. I can tell you that it pays an annual dividend of $1.38 broken down into monthly payments of 11.5 cents per share.

Update - DLTR PRGO RAH

DLTR traded lightly in the pre-market but the first trade was for 8000 shares. It hit a high of $25.92 at 9:23am and opened at that price as well at 9:30am. The stock traded very light last night but reached $26.44, so the morning action was well below that. The stock then hit a high of $26.32 at around 9:50am and went to a low after that of $25.94. If you look at the chart there is a slight rise and drop right near the opening bell before the bigger run up. I haven't seen this lately where the spike has taken a bit longer than usual. I wonder if people noticed that there was no real price increase from the Cramer mention and figured it was good time to buy, thus delaying the demand and subsequent spike, or maybe a problem on the NASDAQ delaying trading? In the end, not a great opportunity here with the low volume pre-market activity with no price increase.


PRGO had its first trade of the pre-market of 302,299 shares at $16.85 according to the Extending Trading Information at nasdaq.com. That was only 1-cent higher than yesterdays close and well below the after hours price level of $17.20. The pre-market saw a high of $17.11 at 9:11am and then opened at $16.87. It reached a high of $16.99 in the first minute of trading, dropped to $16.86 a few minutes later before rising a bit more to $17.01 at 9:55am and then took its bigger fall to an initial low of $16.66. So here we have a situation where the psychological price barrier was broken, but only very briefly.


RAH also had a big opening pre-market trade of 95,300 shares at $40.72, also only 1-cent above yesterdays regular close. The price then went up on the only other trade in the pre-market to $41.50. Yahoo! shows the opening first trade at $42.00 but it didn't appear to start trading right at 9:30am. The stock then went down to a low of $40.80.



These big share trades in the pre-market are a bit strange and I don't know really what to think of them yet....if they are pre-set trades? Someone buying? Someone shorting? Who was giving up all those shares? Maybe just a glitch? Any theories would be welcome.

June 15th - NUE FCX RAH PRGO DLTR

Cramer's first two picks were NUE Nucor Corp. and FCX Freeport-McMoRan Copper & Gold Inc.

These are both Basic Material commodity stocks, both are pretty expensive, $52 and $50 respectively, and both have a special dividend coming out according to Cramer. I don't think I really need to go beyond that to know that these aren't shorting opportunities I would pursue. I would point out however the last time Cramer was big on a special dividend with AMTD TD Ameritrade, saying that after the dividend was paid and the stock price came down the dividend amount that it would shoot back up, he wasn't exactly right. The stock did go down even further, did rebound but never really had any great run. Now that was a $6 dividend which I don't think is the case here.

NUE
Close: $50.94
After Hours Price: $52.05

FCX
Close: $49.04
After Hours Price: $50.09

Cramer's next picks were RAH Ralcorp Holdings Inc. , PRGO Perrigo Co. , and DLTR Dollar Tree Stores Inc. as plays on people going to cheaper alternatives for food and necessities.

RAH
Closing Price: $40.71
No Trades After Hours
Trades on NYSE
Sector: Consumer Goods
Short %: 8.0%
Days to Cover: 11.6

PRGO
Closing Price: $16.84
After Hours High: $17.45
Percent Increase at High: 3.6%
Price Level Off Point: $17.18
Percent Increase at Level Off Point: 2.0%
Trades on NASDAQ
Sector: Healthcare
Short %: 9.2%
Days to Cover: 13.8

DLTR
Closing Price: $25.88
Only Trade: $26.44
Trades on NASDAQ
Sector: Services
Short %: 5.4%
Days to Cover: 6.3

Once again some very boring defensive plays that people don't appear to like given the lack of after hours trades. My TV reception for CNBC the last 2 days has been terrible. I wonder if I'm not alone and people aren't able to watch? Anyway, it looks like we have some very optimistic investors these days watching Cramer who aren't expecting the market to keep going down. To be honest, even if people did think the market was going to continue downward I'm not sure they would want to buy these picks anyway. A dollar store?? Aren't the margins pretty limited in a dollar store? With some more volume and a good size price spike tomorrow morning on PRGO and DLTR there might be an opportunity to short. Both were up today, but nothing huge on a big up day. I don't think we have had 3 up days in a row for a while, so tomorrow could be a telling sign if this market is actually trying to turn around. So I guess what I am trying to say is that the market sentiment could trump the Cramer effect on an up day, and bring things down hard on a bad.

Cramer's third segment highlighted NBR Nabors Industries Ltd. and AMGN Amgen Inc. who issued convertible bonds which causes heavy short selling by the buyers of these convertible bonds which causes the prices of the stocks to go down. This segment was more of a heads-up to sell shares of companies that do these sort of things to avoid the selling pressure and buy back once it is over and done with, so not an opportunity to short here (not to mention I wouldn't want to short these big names anyway).

June 14th - No Picks - Sell Ethanol Stocks

Cramer's first segment (according to his web update since I was unable to watch it tonight) was about getting out of ethanol stocks. This is a recent trend where Cramer is telling people to sell instead of buy. This of course took ADM and ANDE down quite a bit after hours. I'm not interested in shorting this one without a spike since it isn't really what I look for here. If there is an up day tomorrow there is no telling if the "reverse" Cramer effect can keep these stocks down on a sell recommendation.

Cramer's next segment dealt with playing safe and not trading on margin because it creates demand that people can't afford when things turn ugly which causes margin calls and even more selling. Once again no stocks were picked. I have a feeling Cramer is worried about another big down day after up days that we have seen recently. If I recall correctly, from one of Cramer's books (Confessions of a Street Addict or Sane Investing in an Insane World) he made claims of knowing when to convert to a cash position and get out before a crash, and was bang on a few times. With all these sell recommendations instead of buy, and "be defensive" segments I wonder what he would be doing with a personal portfolio right now....besides his charitable one that he obviously won't covert to cash because then what would all the subscribers paying $400 a year be getting??

Finally Cramer had a segment of "Am I Diversified". Although he normally has a few things to say about certain stocks, I don't short these since they aren't "highlight" picks.

Update - RDA CRZO

RDA traded lightly in the pre-market but had a few large trades of 3800 shares each. A pre-market high of $13.55 was seen at 8:55am after the stock traded at $13.45 last night after hours. It then opened at $13.22 and traded in a very tight range for the day, reaching a initial high of $13.31 at 9:42am. It then went to a low of $13.16 around 10:45am. So no real spike to short here. I think in this down-market (even though today was up) I don't think people really cared for this Cramer pick. Not much too really look into here from the more in-depth ANGO no-short rule situation.


CRZO is an example where my rule to not short commodities paid off. The stock opened above its level off point from last night and never looked back and reach a high of $29.07 after only trading last night at $27.45. The low for today was only $27.25 which was in the first minute of regular trading. Natural gas stocks were up today so that surely helped this one as much as the Cramer effect.

June 13th - CRZO RDA AAPL CEO SGP

Cramer's first segment featured Natural Gas, namely CRZO Carrizo Oil & Gas Inc.

Closing Price: $26.56
After Hours High: $27.70
Percent Increase at High: 4.3%
Price Level Off Point: $27.44
Percent Increase at Level Off Point: 3.3%
Trades on NASDAQ
Sector: Basic Materials
Short %: N/A
Days to Cover: 8.6

As per my rules, I don't go against commodities as the underlying prices will mostly likely influence the stock price more than the Cramer effect. An up day in gas prices will surely raise this stock price so one can't be sure a Cramer effect peak and drop will take place. Not to mention I am long some natural gas in my longer term portfolio. Ironically, this is an ANGO no-short situation as well...and like I pointed out in a previous post today this falls under the situation where the stock was down for the better part of the day. Not a great stock to start my more in-depth research into my ANGO rule since it is a commodity play but I will take a look.

Cramer's next "Bottom" play was RDA Reader's Digest Association Inc.

Closing Price: $13.16
After Hours High: $13.45
Percent Increase at High: 2.2%
Price Level Off Point: $13.43
Percent Increase at Level Off Point: 2.1%
Trades on NYSE
Sector: Services
Short %: 10.4%
Days to Cover: 15.7

Pretty big short percentage and days to cover, but I really don't see this going up very high tomorrow morning to force anyone to cover. Very light trading after hours for a Cramer pick. We also have another ANGO no-short situation since the high for the day was $13.55 and we are below that level now. This will be a better chance to start my research into my ANGO rule than CRZO since RDA hit the $13.55 high early in today's session and dropped steadily from there. As a commenter stated...I should not even consider changing my rules and I am not about to, but I will look to see what happens in my ANGO no-short situation when the stock was down big during the day vs. being up but off its high for the day.

Cramer's next picks were AAPL Apple Computer Inc., CEO CNOOC Ltd., SGP Schering-Plough Corp. due to their large (but not too large) cash positions.

So, I'm not about to short AAPL. Heck I even mention that as an example in My Shorting Rules as being too big of a company for Cramer to influence enough. CEO is an oil play, and even though oil was down today (although I, like Cramer, don't see it going to $30!) I wouldn't touch it with a short. And finally SGP, Cramer mentioned last Friday and it only went up .20-cents from its close, but did close in the red. SGP has no trades after hours so far either.

Update - WCI TIVO

WCI hit a high of $19.86 at 8:45am in the pre-market on light trading, which was right near last nights after hours price point. It dipped to a pre-market low on its last trade before the opening bell of $19.50 at 9:20am. The stock then opened at $19.75 (according to Yahoo! which conflicts with some other sources I have) and dropped to an initial low of $19.46 a few minutes in. It then had an increase to $19.93 at 9:50am before taking the long road down to a low near the end of the day of $18.26, a drop of 8.7% from last nights high of $20.00. So as my previous post today details, the ANGO rule did not work here and made me miss a good short opportunity so I will be watching to see if that rule can be amended to avoid that.


TIVO did have some pre-market action that took the price back to its highs from after hours last night (even though those highs were erased last night). It traded to $6.45 at 8:38am with a couple of trades of nearly 4000 shares each. It did however open at 9:30am at $6.23, down one cent from yesterdays close. It then went as low as $6.15 around 9:35am. It also went up after that to the high for the day of $6.33 at 9:50am and going to a low of $6.18 near the closing bell. So even though TIVO wasn't really a Cramer pick, people seemed to like his idea of trading its volatility, but maybe this wasn't Cramer related...

ANGO No-Short Rule Revisited

So I am beginning to wonder if I should explore my ANGO no-short rule a little further as it seems as though I am missing out on some opportunities to short. I can see 2 situations where the ANGO rule applies, but maybe only 1 deserves to have the rule applied to it. This brainwave comes about after Cramer's pick from last nigh (WCI) once again dropped into the red.

First is when a stock opens at its high for the day of lets say $20 and had a down day and closed at $18. Cramer then mentions the stock on his show and it goes up to $19.00, so we are well below the high of $20. BUT, that high was the first trade of the day so there was downward pressure all day.

The second scenario is where a stock opens at $20, goes up to $22 during the day but closes at $20.50. Then Cramer mentions it and it only goes up to $21.50, so still below the high. So in this situation, the stock had upward momentum during the day but cooled off (profit taking or a market downturn maybe). This situation I think leaves the door open to people jumping back into the stock and causing unpredictable highs and where the ANGO no-short rule is better suited.

Something I will certainly take a closer look at and mention the next time this scenario presents itself.

June 12 - WCI (TIVO)

Cramer's first pick was WCI WCI Communities Inc. as a "Bottom" Play.

Closing Price: $19.32
After Hours High: $20.00
Percent Increase at High: 3.5%
Price Level Off Point: $19.85
Percent Increase at Level Off Point: 2.7%
Trades on NYSE
Sector: Industrial Goods
Short %: 33.8%
Days to Cover: 12.7

Big short percentage here could cause a volatile peak tomorrow morning, but we have the $20 psychological price barrier to give some insight as to what might happen. Unfortunately we are also in an ANGO no-short situation as today's high was $20.01 and the high after hours now only reached $20.00 and has fallen since to the $19.85 area. The stock was down today (4%) so I'm not sure where Cramer thinks the bottom is? Maybe some support at $19? Either way, I won't go against my rule no matter how tempting it looks.

Cramer's next segment focused on DIGE Digene Corp. and how it should be SOLD because the CEO and CFO quit. This recommendation to sell has dropped the stock 2.4% on a few trades. Not really worth shorting this stock on the way down in my opinion. And if my theory is to short his buy picks, wouldn't it make sense to buy his sell picks?? Haha...ok well no I don't think so.

Cramer's third stock segment once again stayed away from actually picking a stock. He used TIVO as an example on what to read into their press releases and homework on a stock. There was no immediate after hours trades to speak of so no opportunity to short. Cramer also isn't really saying great things about the stock so there probably won't be any spike tomorrow either. Update: There have been a few trades on TIVO with a high of $6.46 after closing at $6.24. If people are going to bid this up tomorrow it certainly has some potential to short. There is a 23.5% short interest already, but I don't think this small spike after hours on light volume is going to scare anyone, but unless there is some news I don't see this one holding the 3.5% spike after hours.
Update 2: The last trade after hours took away all the price increase in this stock, back to $6.25. Looks like this was a false start here. Oh well, it was trading below the daily high anyway too.

June 9th - HSY MKC K SGP NVS SNY JNJ GSK

Cramer had his new "Friday - plan for next week" show. He picked some well known defensive stocks in anticipation of the federal reserve continuing to raise rates. Below are the picks and their price information:

HSY Hershey Co.
Close $55.46
AH High $55.80

MKC McCormick & Co. Inc.
Close $33.23
AH High $33.57

K Kellogg Co.
Close $47.00
AH High $47.45

SGP Schering-Plough Corp.
Close $19.22
AH High $19.50

NVS Novartis AG
Close $53.74
No Trades After Hours

SNY Sanofi-Aventis
Close $45.25
No Trades After Hours

JNJ Johnson & Johnson
Close $61.38
AH High $61.50

GSK Glaxosmithkline plc
Close $54.65
AH High $55.09

Not a lot of action with any of these after hours, probably because they aren't very exciting, well known, and expensive to name a few possible reasons. People obviously want the "next big stock" and these defensive plays don't offer that, even though with the recession looming these are the places that people should be in. So ironically these didn't get bid up, and I don't expect much action come Monday morning either so not much of an opportunity here on the short side.

Update - NVT MAPS

NVT traded lightly in the pre-market hitting a high of $40.25 at 8:32am and then traded at $39.50 right before the bell at 9:22am after trading at $39.94 after hours last night. The stock then opened at $39.27 at 9:30am and then hit an initial high of $39.45 at about 9:40am. The first dip took the price down to $39.20 a few minutes after the first high. The price then peaked again at 10:00am at $39.70 and saw a low later in the day of $38.31. So the ANGO no-short rule did seem to point out a situation where the first high and only slight drop was followed by a bigger spike up, but in the end the stock was deep in the red near the end of the day, but that can also probably be blamed on the overall market and not any Cramer effect.


MAPS pre-market trading all happened a few minutes before the bell where a high of $13.79 was seen at 9:29am. The initial spike to close to $14 as I said I was looking for last night was found in the first minute of trading and was also the high for the day when it hit $13.99. Do I even need to point out the psychological price barrier seen here once again! The stock then saw a low for the day of $13.16 around 12:30pm, a drop of 5.9%.


As for Cramer's Speculation Index picks, all but 2 of them were down today. EZM was up 6-cents and was never in the red all day. IVAN closed even but was down a few cents during the day. So none of these really got much Cramer effect and really didn't show some of the insane price spikes as cheap stocks normally get when Cramer picks them. Probably a different story if he focused on one stock instead of 10.

June 8th - Cramer Speculation Index and TRMB NVT MAPS

Cramer had 10 speculative stocks and they were:

RTK Rentech, Inc.
KRY Crystallex International Corp.
IVAN IVANHOE ENERGY INC
TMY Transmeridian Exploration Inc.
NXG Northgate Minerals Corp.
EZM EuroZinc Mining Corp.
JDSU
CNXT Conexant Systems Inc.
FNSR Finisar Corp.
CIEN CIENA Corp.

RTK Close $4.77 High and Leveled $4.85 Short Interest: 4.4%
KRY Close $3.91 High $4.00 Leveled at $3.90 Short Interest: 4.7%
IVAN Close $2.61 High $2.72 Leveled at $2.70 Short Interest: N/A
TMY Close $5.45 No Trades After Hours Short Interest: 4.9%
NXG Close $3.36 High and Leveled $3.40 Short Interest: 0.9%
EZM Close $2.28 High and Leveled $2.28 Short Interest: 0.5%
JDSU Close $2.75 High and Leveled $2.77 Short Interest: N/A
CNXT Close $2.55 High $2.56 Leveled at $2.54 Short Interest: 6.7%
FNSR Close $3.36 Reported earnings today so lots of after hours action before Cramer mentioned it. The stock was down 25% today already.
CIEN Close $4.41 High $4.41 Leveled at $4.40 Short Interest: 8.1%

Cramer has mentioned several of these stocks since I have been following his picks closely. No huge numbers after hours so no clear winner on which might be the best short candidates. I know with restrictions with some brokers some people won't be able to short some of these because they are too cheap (myself included for the time being). If the late turnaround today leads us into a positive market tomorrow a few of these picks might get a good opening bell price pop that could be short worthy. Not enough price increase to cause any short covering price spikes either I don't think.

Cramer also had 4 Map/GPS plays and they were:

GRMN Garmin Ltd.
TRMB Trimble Navigation Ltd.
NVT NAVTEQ Corp.
MAPS Mapinfo Corp.

GRMN Close $91.46 Too Expensive
TRMB Close $41.95 No Trades After Hours
NVT Close $38.92 Last Trade at $39.94
MAPS Close $13.48 No Trades After Hours

So really NVT is the only one with any price change, but on very light volume (250 shares). It is up 2.7%. NVT is an ANGO no-short situation since the daily high before the show was $40.40 and we are trading well below that now. I believe in the rule and have often thought to go against it but everytime it works it reminds me to never bet against it, so I'm not about to start. MAPS, being the cheapest pick, might get some attention tomorrow so I will watch for the 9:30 spike and drop, but would need to see a large spike close to $14.

Update - PMTI

PMTI had some light action in the pre-market hitting a high of $44.00 at 7:49am after trading last night at $43.73. It was a pretty steady decline from there trading at $43.57 at 9:28am. It then spiked at the opening bell to $43.90 and briefly saw a high of $43.90 in the first minute of trading only too see the "Cramer drop" to $42.60, a drop of 3% from the $43.93 high. The stock did find a slightly lower low just after 1:00pm when it traded at $42.55 but well after the initial Cramer effect drop. So the ANGO no-short rule didn't apply here, but given the weak market indicators before the open today it really isn't much of a surprise.

June 7th - PMTI AGN

Major problems with blogger today! Sorry for the delay!

Cramer's picks tonight dealt with vanity and were PMTI Palomar Medical Technologies Inc. and AGN Allergan Inc.

PMTI
Closing Price: $43.29
After Hours High: $44.23
Percent Increase at High: 2.2%
After Hours Level Off Price: $43.73
Percent Increase at Level Off Price: 1.0%
Trades on NASDAQ
Sector: Healthcare
Short %: 15.5%
Days to Cover: 6.9

ANGO no-short rule here today since the daily high of $46 is higher (a lot higher) than the after hours price. Not to mention the short interest is relatively high already and its a bit on the pricey side. Check out my shorting rules on the right side links to get more details on the ANGO no-short rule.

AGN trades at $99 and change. Way too expensive here and up under a percent tonight. Not much opportunity here.

Update - AUY

Major problems with blogger today! Sorry for the delay!

So AUY opened in the pre-market at $9.39 right at yesterday's close after trading at $9.85 after hours last night. The Nasdaq site is indicating that the first trades were at 7:01am for that price. At 8:00am the price opened at $9.54 and hit a high of $9.65 at 8:37am. It bounced around the $9.50 price level and opened at 9:30am at $9.50 and hit an early high of $9.55 before taking its initial drop and low for the day to $9.27 by about 9:40am. After this point the price did rise and fall a few more times but I personally don't look for anything after the initial "Cramer drop" that we have seen a lot of at 9:30am lately.


So, something to consider. These trades that took place at 7:01am this morning. Now that I am using new tools to look at the intra-day numbers I have never seen trades this early. Did someone swoop in and see some sell orders at last nights close price that weren't bought up after hours yesterday and get a sweet deal to catch a quick run up?? What else would explain that the trades all happened at 7:01am and not again until 8am? I know some brokers are open starting at 7am, but I never realized that there might be some way or advantage to get some shares that people probably had sell orders in from the day before if that is the case. Seems odd to me, but I will be on the lookout for it now for sure.

June 6th - PEP UTX MMM AUY

Cramer spoke about poor earning companies vs. good earning companies. The 3 companies with good earnings that are good for this weak market were:

PEP Pepsico Inc.
UTX United Technologies Corp.
MMM 3M Co.

PEP
Close: $60.52
After Hours High: $60.75

UTX
Close: $60.05
After Hours High: $60.45

MMM
Close: $82.26
After Hours High: $82.55

Too expensive and not much after hours volume or price action. Might be worth looking at the poor earnings companies he mentioned in the first segment LU IMAX and HBR since the first two were down a bit after hours while HBR had no action. I'm not a huge fan of that idea since there is no spike to short down, but would appear more interesting then shorting the 3 good earnings companies.

Cramer's gold pick was AUY Yamana Gold Inc.

Closing Price: $9.37
After Hours High: $9.90
Percent Increase at High: 5.7%
After Hours Level Off Price: $9.85
Percent Increase at Level Off Price: 5.1%
Trades on AMEX
Sector: Basic Materials
Short %: 1.7%
Days to Cover: 1.3

This was a steady climber after hours. Gold was down today and brought this stock down 5.5% so the increase after hours has brought it back up slightly higher than today's regular hours high of $9.75. I think its pretty apparent that an up day in gold will bring this up and a down day will pull it down. So the price will probably over-power the Cramer influence on the stock. So unless there is a huge spike at the opening bell and gold prices aren't up there might be a short opportunity but it could be risky if gold prices change suddenly.

Update - DYN

DYN hit a high in the pre-market of $5.74 at 8:00am and drifted downward from that point where it opened at $5.63 after trading last night mostly around $5.75. The low for the day occurred at around 3pm and was $5.36. The low from the initial drop was $5.46 around 9:45am which is more accurately the Cramer effect drop. So from $5.74 to $5.46 represents a drop of 4.9%.



So...get ready for some gold stocks tonight on Cramer's show as he eluded to that being a topic last night. Up front, I'm not a big fan of shorting gold since its price is a big topic daily and would easily override the Cramer effect, but we will see what he has to say.

June 5th - DYN

Cramer is talking about volatility tonight and trying to explain why we are up and down so much. He mentioned that we don't have an equal number of buyers and sellers and that is why the market is working the way it is. I don't know if anyone has ever read any Richard Ney, who tracked Specialist activity back in the 70's, but I always have his theories in the back of my mind when we are going down so much, and up for that matter. Anyway, once again, I read from Cramer's lack of picks these days (very few picks if any in his first segment over the last week or so) I get the impression from him that he thinks the downtrend in the market still isn't over. Its not like anyone expects him to go on live tv with all of his viewers and tell them that the market is crashing and for everyone to sell now because he knows they will do it and then people won't watch his show.

Cramer's only pick tonight was DYN Dynegy Inc.

Closing Price: $5.45
After Hours High: $5.90
Percent Increase at High: 8.3%
After Hours Level Off Price: $5.75
Percent Increase at Level Off Price: 5.5%
Trades on NYSE
Sector: Utilities
Short %: 4.6%
Days to Cover: 5.2

Not as big of an after hours price spike that is normally seen with such a cheap stock, but since it was picked after 6:30pm a lot of brokers don't participate. Nothing really to compare to in the utilities sector as this is just the 2nd stock since I have tracked Cramer's picks and the first (AES) only went from $18.25 to $18.02, so nothing spectacular there. This feels like a 9:30am play here when the real demand might hit and cause a bigger spike above the current level of $5.75. The $6 price would be the level to watch to see if it goes above it. I would speculate that if it doesn't break $6 just after 9:30am but comes close it will probably come down a bit (and a bit here means a pretty good gain from a short sale) before maybe trying to break the price level later, depending on the overall market....even though it was up 2% today on a bad day. Another thing to note is that the 52-week high is $5.81 so that could be a resistance point as well even though it broke it briefly after hours.

Update - SPWR HW ESLR

So, first day with the new charts for me and I'm not very impressed. I can't seem to find any good charts that have pre-market times and numbers like I had with my old broker. So if anyone has some good (free preferably) java/interactive charts that show pre-market and after hours with time I would enjoy hearing. I found some software and some webpages so far, but nothing as good as I had :(

Anyway, SPWR hit a high of $30.94 in the pre-market at 8:01am, after trading at $30.50 on Friday night, and hit a pre-market low of $30.12 at 9:25am. Then, just after the opening bell the stock saw a slight peak at $30.40 before dipping to initial low of $29.85. There was another slight increase to the regular hours high of the day of $30.49 just before 10am and then fell for the better part of the day reaching a new low of $29.06. So maybe a case of the Friday effect, a weak market, and a sector that has been beaten down recently as well.

(problem with chart - will post later)


HW hit a high in the pre-market of $28.30 at 8:29am after trading around $27.79 after hours on Friday. The stock then opened at $27.81 for regular trading and fell for the better part of the day and hit a low of $26.30 just after 3pm. The initial low was $27.11 around 9:50am before a slight increase.


ESLR hit a pre-market high of $11.88 at 8:03am after trading around $11.78 on Friday night. The price traded lower closer to the opening bell and was drifting around $11.50 before the opening bell where it opened at $11.63. It quickly hit a low of $11.51 before rising to the high for the day of $11.91 at approximately 10:30am. It then traded lower and hit a low of $11.12. So on a stock this cheap, the initial drop from the $11.80 range to the $11.50 presented some good opportunities even though there was a late 10:30am spike.

June 2nd - SPWR HW ESLR

Cramer's first picks were:
SPWR SunPower Corporation
HW Headwaters Inc.
ESLR Evergreen Solar Inc.

Unfortunately my broker is being switched tonight so I can't get all the prices I would like to track, so I will have to spend some time searching for a good live chart, but here is what I have:

SPWR
Closing Price: $29.66
After Hours Price: $30.50
Percent Increase: 2.8%
Trades on NASDAQ
Short %: 38.0%
Days to Cover: 8.8

HW
Closing Price: $26.91
After Hours Price: $27.79
Percent Increase: 3.3%
Trades on
Short %: 23.4%
Days to Cover: 9.7

ESLR
Closing Price: $10.97
After Hours Price: $11.78
Percent Increase: 7.4%
Trades on NASDAQ
Short %: 19.4%
Days to Cover: 6.1

All 3 of these picks have pretty large short percentages before Cramer mentioned them which could cause problems timing the highs. The weekend may reduce the interest in these picks as is sometimes seen on Mondays. The best bet in my opinion would be looking at the 9:30 opening and look for a top a few minutes in if it spikes. Today's action has me worried about big long runs, but I think people were buying yesterdays picks today in hopes that they would pick the "winner" and Cramer would pump it some more and they could get a few more dollars per share. I really don't think the same will happen here, but one should use a bit of extra caution.

And to little surprise BOOM was the winner from yesterdays orphan show. I think he almost had to pick BOOM or else risk having the stock tank the $5 it went up today!

Update - BOOM ELRC NTCT LAYN EGY

So BOOM looks like the big winner today in terms of volume of shares traded not to mention a very large price increase. BOOM opened in the pre-market at $30.14 but went up to $31.85 at 9:16am. It hit a low of $30.70 just after the bell at 9:32am giving a drop of 3.6%. It went up again after that to a new high of $32.03 at 9:40am and had another dip to $30.98. As mentioned last night this one had the chance to be very volatile with its high short percentage.


ELRC was pretty dull on the other hand. After not finding any after hours volume last night, there was little pre-market action also. It has drifted from the $16.90 range to a low of $16.55 on very light volume. There was one trade in the pre-market it appears at $17.33 at 9:18am. The $16.90 high was at 9:35am.


NTCT after trading around $8.60 last night traded above that for the most part in the pre-market but on light volume. It hit $8.89 in the pre-market at 8:14am, then went to a low of $8.54 at 9:28am and then hit the high for the day of $9.00 at 9:36am. It then hit a low after that at 9:46am of $8.73 for a nice drop of 3%. Not a bad prediction on my part last night looking for the $9 range peak.

LAYN also with light volume had its first trade of the day at 9:25am at $29.15 right around last nights price. It then shot up for the opening bell and hit 30.62 at 9:36am and then had the typical fall to $29.65 at 9:57am. A drop of 3.2%.


Finally, EGY which from what I read has some conflicting ideas about if this will be the winner or not. After trading at $7.67 last night it opened in the pre-market at $7.80 and then saw a high of $7.95 at 8:51am. Once again it looks like the psychological price barrier of $9 came into play because it did not pass it there or even yet in regular trading. Just after the opening bell the stock fell hard to $7.54 at 9:35am. A drop of 5.2%. It did rebound a bit and then fell to a new low of $7.51.


So Cramer might pick BOOM as the overall winner for the longs, but EGY was the winner for the shorts this morning. As mentioned last night EGY having the least short % before Cramer mentioned appeared to take the volatility out of the stock this morning, and as the market opened it looks like there were plenty of sellers with over 400,000 shares traded in the first minute.

June 1st - BOOM ELRC NTCT LAYN EGY

Cramer spoke about buying orphans...stocks that are small and not covered by many analysts. He mentioned 5 stocks that were cheap and orphans before and have since done extremely well. The stocks were ISRG WFMI CBH DGX CHS. The funny thing is that people are bidding these up and Cramer is just mentioning these to prove that orphan stocks work, they aren't really picks for tonight!

The 5 new orphan candidates are:
BOOM Dynamic Materials Corp.
ELRC Electro Rent Corp.
NTCT NetScout Systems Inc.
LAYN Layne Christensen Co.
EGY Vaalco Energy Inc.

BOOM
Closing Price: $28.21
After Hours Price: $29.00
Percent Increase: 2.8%
Trades on NASDAQ
Short %: 41.9%
Days to Cover: 2.5

Wow...look at that short %. That could cause some trouble tomorrow especially if BOOM wins and Cramer makes it the winner tomorrow. This could have current shorts very worried and force them to cover tomorrow causing an unpredictable price high.

ELRC
Closing Price: $16.01
After Hours Price: N/A
Percent Increase: N/A
Trades on NASDAQ
Short %: 3.0%
Days to Cover: 18.2

Can't see any after hours prices yet for this. Will have to check later. Very low average volume here explains the high days to cover for current shorts. With low volume it might help people get out of the stock if they are looking to get out. Hard to say without knowing how high it gets bid up.

NTCT
Closing Price: $8.15
After Hours Price: $8.60
Percent Increase: 5.5%
Trades on NASDAQ
Short %: 5.8%
Days to Cover: 10.1

A good cheap one here, but with some short interest on a low volume stock could cause some volatility and make it hard to time the high. Anything close to $9.00 might be good for a short around the 9:30am open but wait for the volume to slow.

LAYN
Closing Price: $28.75
After Hours Price: $29.12
Percent Increase: %1.3
Trades on NASDAQ
Short %: 6.5%
Days to Cover: 8.3

Similar short percentage and days to cover as NTCT but a bit more expensive. Not a huge % increase after hours so this one might get passed over due to its price compared to the other orphans. A lot of people will probably buy all 5 picks and hope that the winner gets bigger gains.

EGY
Closing Price: $7.23
After Hours Price: $7.67
Percent Increase: 6.1%
Trades on AMEX
Short %: 1.4%
Days to Cover: 1.1

This has the least current short percentage so that shouldn't come into play. This may be the safest one to short because of that, and its got a pretty nice price increase after hours.

The one thing that concerns me is if people all decide to hold onto their stocks in the hopes that their stock is named the winner and might get the benefit of another price pop. But the chances of all the current holders of these stocks watching Cramer is unlikely and a lot will probably sell into any gap up tomorrow....but again, some of those short percentages and days to cover on low volume stocks is something to watch out for.

Update - TNE HXM AMX TTM CIB

TTM was in the red in the pre-market this morning after seeing a high of $17.04 at 8:02am after trading at $17.35 last night. It then dipped to a low of $16.12. The stock did end up closing in the green up .08-cents.


TNE, the other cheap stock, had a few oddly timed drops. After trading at around $13.40 for the first hour of the pre-market the stock then fell at 9:15am to $13.15. The stock then went up some more to $13.66 at 9:57am and dropped to $13.42 at 10:11am. It then gained for the better part of the day. So the ANGO no-short rule here worked a bit I'd say. The peaks were at odd times and the stock did run pretty well going over $14.


CIB peaked at $27.81 at 9:40am after trading at $27.50 last night. It then went down to $27.30 at 9:58am. It also traded up for the better part of the day after that initial drop. So another example where the 9:30am (ish) spike came into play. And an example where it is best to get out after the first drop because the picks can go anywhere after that, and in this case well up.

AMX had an early peak of $32.94 at 9:32am (ignoring 200 shares traded at 33.40 a few minutes before). It then dropped to $32.42 at 9:40am. It also traded higher for the better part of the day.

HXM which had the least interest last night had no pre-market action either. It traded up right from the start with no traditional Cramer peak and drop at all until later in the day, which obviously had nothing to do with the Cramer effect. I don't think a rule really needs to be made where there is little to no trading in the after hours or pre-market to stay away from shorting. Without those after/pre-market trades its really hard to judge the direction the stock may go.