Update - SBCF HCBK CPK BND

SBCF had only 1 pre-market trade at $26.83 just minutes before the opening bell after the stock traded to a high of $27.27 on light volume after hours last night. The stock then opened at $27.00 and didn't have any real dip on the way up to %27.75. So as I mentioned last night in my post that this was a crap shoot and it appears that the down market was no match for the relatively high short percentage and days to cover and high insider and institutional holdings.


HCBK had a bit more volume in the pre-market (13,900 shares) and opened at $13.25 at 8:00am, after closing after hours last night at $13.43 and seeing a high of $13.60. The pre-market saw a high of $13.50 at 8:01am and drifted downwards towards the opening bell going to $13.29. The stock then opened at $13.30, had a short quick rise to the high for the day of $13.35 a few minutes after the bell and dropped to a low for the day of $13.03 by noon, for a drop from last nights high of 4%. Not a huge spike at the opening since a lot of the gains were already lost, but a typical Cramer effect drop. Volume on the day was around double the average.


CPK had no pre-market activity which wasn't much of a surprise since it only trades 8,000 shares on average. The real surprise came in the regular hours market when the stock went up over $2 dollars. The stock opened at $32.90, up from last nights close of $31.65. Volume on the day was 8.6 times higher then average. The stock climbed to a high of $34.65 on the day and closed around $33.50. Obviously something to take note of here. A stock that has such a low average daily volume can be dangerous. With no news that I can see, the early volume in the first few minutes (volume that surpassed the average for the entire day) that was up $1.35 must have produced some excitement in people. Maybe people thought there was a takeover bid??


BDN also had only 1 pre-market trade at $31.20 just moments before the opening bell, this is after the stock traded as high as $31.72 after hours last night. BDN opened at $31.50 at 9:30am, saw an early high for the day of $31.59 in the first few minutes of trading had showed a similar chart to that of HCBK and had its biggest drop seen around noon to $30.84. Here is another example of where the ANGO no-short rule did not apply, but I have come to realize that in a down overall market and light after hours volume the rule has little value, but not something I will ignore.