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.