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Monday, July 24, 2006

Update - ALJ

So Friday's pick of ALJ didn't draw much attention at all in the after hours on Friday or pre-market today. There was 1 trade at $31.85 at 9:06am for 100 shares after closing at $31.84 Friday, and that turned out to be a very good trade for the buyer. The stock hit an intra-day high of $34.81, although still down from highs seen on Friday. So with such small attention and in theory an ANGO no-short situation (because the stock was trading below the high from Friday...but didn't really trade at all) there was little reason to jump in with a short since the Cramer effect wasn't visible. The volume was slightly higher then average, but I would assume that had more to do with the up day in the market and not the Cramer recommendation.

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