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.
posted by CramerTracker @ 6/21/2006
9 comments
Comments on "June 21st - RIMM VAS VITL SIRO"
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Anonymous said ... (June 21, 2006 8:21 PM) :
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CramerTracker said ... (June 21, 2006 8:28 PM) :
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CramerTracker said ... (June 21, 2006 8:46 PM) :
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CramerTracker said ... (June 22, 2006 8:07 AM) :
post a commentCan you create a blog site for Fast Money?
Just flipped to the show now. Is it on 5 days a week? CNBC doesn't even list it on its schedule.
I will be honest. Jim Cramer seems to be on the way out. This Fast Money show looks more like a football show while Mad Money looks like a circus act.
I think I would trust the 5 man panel verus the 1 man sideshow. All these guys appear to know what they are talking about and they even throw in a chartist who analyzes things like the "Island turnaround".
Another key difference is that sometimes not everyone agrees and there is a counterpoint. With Cramer, there is just him throwing a chair around the stage.
My prediction is Mad Money out, Fast Money in.
Recording now. It will become very obvious if and when Cramer is on his way out if he goes from 3 airings a day to only 1 or 2. I'm sure he won't go down without a fight. Maybe he will do a merger!
Still can't find anything online about the show though. Is tonight the premier? I heard Cramer mention it but didn't take much notice to it.
I cant find anything either. I think they are doing a trial to see how well it does. I like this part where they put Macke on trial for picking a bad stock.
Watching the rest of the show now. Some good info for sure. Even if this took Cramer's place and aired during the after hours market I doubt we would get a lot of after hours action because they name a lot of stocks, so of course any blog I make would be more of a recap with some follow ups :) Cramer can't be happy about this at all.....
So it looks like fast money was a segment on In The Money or some other CNBC show.
Vital Signs is the true play here. It is traded on the Nasdaq which is less prone to manipulation by specialists. Lets face it, everyone knows Cramer on Wall Street. Some like him, some dont like him and some may even be in with him in this game. If there is a human who has control of the trading, then it will be manipulated.
The main advantage of Vital signs is its really low average volume (25000). There were 9500 shares traded afterhours. This is a huge percentage.
VAS is the second best here. However, we have the NYSE human specialist at it here. The volume is a bit higher and there wasnt as much afterhours volume as with Vital.
SIRO had already merged with Schik technologies on Tuesday and so thats why there wasnt much information. Funny, why didnt Cramer seem to know this? If you had invested 100,000 in it during 2002, you would have 1,000,000 today.
RIMM is too heavily traded. 3-4 million shares.
My prediction is that the Cramerites will OVERWHELM this equity in morning trade. This will be a classic Cramer. Your going to see it gap down in the morning, then there will be the spike, and then it will spike down and then float off ending down for the day.
Prediction:
Premarket Price= Above 53
Open-first 10 minutes=spike down to 52
Next 60 minutes=initial spike back above 53
After that it will spike down and fizzle out ending at around 51.
OK, guess I'm out of the loop...is Fast Money a new show?
Thanks for the info Michael Cash.
And yes, Fast Money was on at 8pm Eastern last night. Cramer mentioned it briefly in his show (even though I had no idea what he was really talking about). It has the same host as On The Money (not In The Money like I said last night) with 4 other analysts. It was good. Very different than Mad Money but certainly worth a look...the only thing is I don't know if it will stay on the air, when its on, or how often its on.