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Thursday, June 08, 2006

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.

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