July 18th - Avoid SPC PBH - Picks: JNJ STJ BSX

Not a lot of opportunities these days with shorting Cramer's picks given the defensive, large cap stocks that are being picked. Tonight looks like no different as Cramer is once again looking at defensive stocks for the economic slowdown, and warning people from buying worst of breed. He warned people to stay away from Companies with the name "Brands" tacked on the end. He said to stay away from SPC Spectrum Brands, Inc. and PBH Prestige Brands Holdings Inc. for that very reason. No real picks here except JNJ Johnson & Johnson (which is too big and expensive to short at $60.60) and is basically just bashing on SPC and PBH. I have not really come up with a strategy on playing the "Sell Picks" from Cramer and have said several times that I won't short a sell pick. Anyone have a way to play the sell picks?? I would enjoy hearing some strategies. Maybe something with a longer time period with some put options? Maybe these 2 don't fit that option really due to their very low price and not having that far to fall.

Finally, Cramer spoke of homework. He mentioned an article that came out that gave old news that was already priced into several stocks. People then panicked and sold when they really shouldn't have. In fact Cramer mentioned that these hospital stocks are good defensive plays.
The stocks that Cramer then said were a buy were, once again JNJ Johnson & Johnson , STJ St. Jude Medical Inc. and BSX Boston Scientific Corp.

STJ
Closing Price: $32.27
No Trades After Hours
Trades on NYSE
Sector: Healthcare
Short %: 0.85%
Days to Cover: 0.8
Average Volume: 3,974,340

BSX
Closing Price: $15.59
No Trades After Hours
Trades on NYSE
Sector: Healthcare
Short %: 1.5%
Days to Cover: 1.3
Average Volume: 13,885,600

Even with some "affordable" stock prices here, I don't see any activity after hours. These both trade at pretty high average volume which makes the "Cramer effect" a difficult task since the supply (of shares for sale) will probably be ample to take on any extra demand tomorrow morning reducing any run up in the stock. I don't think people feel the need to break down the door to buy these picks without seeing that run up after hours as well.