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.