Update - NWS (-A)

So it appears that people will buy picks that they think are close enough to the ones Cramer actually recommends. As mentioned yesterday, Cramer mentioned NWS-A as his pick, but people must have had a hard time finding it and just decided to go with NWS.

NWS opened in the pre-market at $20.31 after trading last night around $20.25 (but a high of $20.49), saw a high in the pre-market of $20.40 but dipped to $20.22 a few minutes before the opening bell. The stock then opened at $20.10, basically wiping out all of the gains, but did have a slight rise to $20.16 around 9:35am before falling to a low for the day at $19.95. For the remainder of the day the stock traded in the range that was established in the first 5 minutes between $20.16 and $19.95. The volume was slightly up from average, but well above the last few trading sessions.

NWS

Funnily enough, NWS-A has an almost identical chart and trading range for the day, except for the fact that NWS-A trades at $1 dollar less then NWS. The average volume for NWS-A is around double the volume for NWS. The 52-week range is almost identical (but subtract $1 from the low and high). So why not buy NWS-A? Its cheaper by a dollar and trades the same way. All I could figure about the difference in the two is that one has different voting rights. In the end, some short potential (for both really), but nothing spectacular. Certainly my rule about not shorting stocks compared to Google didn't really apply here after all.

NWS-A