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Wednesday, June 14, 2006

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.

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