August 31st - Speculation - Repeat

Another repeat show tonight on Speculation. The recap says that this was aired on August 10th, but not according to my information. From the recap, the only stock that was mentioned was TASR TASER International Inc. but was mentioned as more of an example of a stock that could have once been speculated in. It appears someone had an itchy trigger finger and bought, but nothing to really speak of, unlike SWHC SMITH last which I had ignored, even though it did have some decent after hours volume. SWHC even showed strength today closing above last nights after hours price. The stock was up yesterday during the day though and had hit a new 52-week high already before Mad Money, so this had its own momentum going into today.

August 30th - Repeat

Well I think its official...Cramer must be off for the entire week going into the labor day weekend. If your really missing stock picks, make sure to watch Fast Money on CNBC at 8pm Eastern, or just read my recap at http://fastmoneyrecap.blogspot.com/

The topic of Cramer's repeat show was Unethical investing which focused on Guns, Alcohol, and Tobacco. I'm pretty sure the stocks mentioned are Altria, Smith and Wesson, and Fortune Brands.

August 29th

It is a very good bet that this is a repeat week. Cramer had a rebroadcast of his radio show as well as no Stop Trading on CNBC.

August 28th - Top 10 Manufacturers - Repeat

A Cramer "encore" show was aired tonight where he highlighted Manufacturing stocks. I thought I already had a recap of the 10 stocks picked but can't find it. Regardless, these shows don't make for any great opportunities in my opinion.

August 25th - Day of Atonement - Repeat

Cramer had a repeat of his "Day of Atonement" show where he highlighted several of his worst picks. Of course, these are not picks that are going to be short-worthy come Monday, and doesn't really help short term shorting of his picks but could make an argument for some longer term shorting....but that's another story.

If you're interested, here are the bad picks Cramer looked at:

CD Cendant Corp. Accounting Irregularities

DKS Dick's Sporting Goods Inc. Called before earnings and they missed

MRH Montpelier Re Holdings Ltd. Said the hurricanes were done, then Katrina hit

CBH Commerce Bancorp Inc. (NJ)
NLY Annaly Mortgage Management Inc. Held both of these as the Fed was raising rates

Update - CHTT MTXX PRGO DA TR

CHTT
Pre-Market Open: $32.75
Pre-Market High: $32.75
Pre-Market Close: $33.62
Pre-Market Volume: 700 Shares
After Hours High Last Night: $32.96

Regular Hours Open: $33.01
Initial Spike Price: $33.01
Time of Spike: 9:30am
Initial Drop in Price from Initial Spike: down $0.86 to $32.15
Time of Initial Drop: 9:35am
High for the Day: $33.01
Low for the Day: $32.11
End of Day Closing Price: $32.73 up $0.61


MTXX
Pre-Market Open: $17.00
Pre-Market High: $17.01
Pre-Market Close: $16.98
Pre-Market Volume: 1400 Shares
After Hours High Last Night: $17.18

Regular Hours Open: $16.99
Initial Spike Price: $16.99
Time of Spike: 9:30am
Initial Drop in Price from Initial Spike: down $0.32 to $16.67
Time of Initial Drop: 9:45am
High for the Day: $17.15
Low for the Day: $16.67
End of Day Closing Price: $16.99 up $0.56


PRGO
Pre-Market Open: $15.51
Pre-Market High: $15.51
Pre-Market Close: $15.51
Pre-Market Volume: 500 Shares
After Hours High Last Night: $15.70

Regular Hours Open: $15.50
Initial Spike Price: $15.51
Time of Spike: 9:30am
Initial Drop in Price from Initial Spike: down $0.25 to $15.26
Time of Initial Drop: 9:35am
High for the Day: $15.55
Low for the Day: $15.26
End of Day Closing Price: $15.36 down $0.10



DA - No Pre-Market Trades
TR - No Pre-Market Trades. Did open higher and have a drop.
Without pre-market activity its hard to figure if there will be a Cramer effect.

August 24th - DA TR CHTT MTXX PRGO

Cramer started out by saying that to make money we need to know what the big money managers do and follow their lead and they obey the business cycle. He said the supermarkets and drug stores is the place to go right now and named several picks he has named several times over, but were not his picks. He then zoned into some smaller hidden names instead, and they were DA Groupe DANONE and TR Tootsie Roll Industries Inc.

DA
Closing Price: $28.25
After Hours High: $28.55
Percent Increase at High: 1.1%
Price Level Off Point: $28.52
Percent Increase: 1.0%
Trades on NYSE
Sector: Consumer Goods
Short %: 0.06%
Days to Cover: 8.5
% Held By Institutions: 1.8%

TR
Closing Price: $27.73
After Hours Price: $28.13
Percent Increase: 1.4%
Trades on NYSE
Sector: Consumer Goods
Short %: 9.9%
Days to Cover: 17.6
% Held By Insiders: 52.99%
% Held By Institutions: 25.70%

Very light trading after hours so far for both of these picks with small gains. DA has had a few trades and TR only one so far right now. The defensive picks never seem to excite people into buying. Of note though Cramer said he still doesn't like WWY William Wrigley Jr. Co. even though it is up from the last time he was down on it (as commented on the discussion board here).

Next Cramer took a stroll to the drug store to find some unexploited plays. They were CHTT Chattem Inc. MTXX Matrixx Initiatives Inc. and PRGO Perrigo Co.

CHTT
Closing Price: $32.12
After Hours High: $32.96
Percent Increase at High: 2.6%
Trades on NASDAQ
Sector: Healthcare
Short %: 19.1%
Days to Cover: 5.5

MTXX
Closing Price: $16.43
After Hours High: $17.18
Percent Increase at High: 4.6%
Price Level Off Point: $17.00
Percent Increase at Level Off Point: 4.1%
Trades on NASDAQ
Sector: Healthcare
Short %: 9.98%
Days to Cover: 10.8
% Held By Insiders: 2.74%
% Held By Institutions: 78.40%

PRGO
Closing Price: $15.46
After Hours High: $15.70
Percent Increase at High: 1.6%
Price Level Off Point: $15.65
Percent Increase at Level Off Point: 1.3%
Trades on NASDAQ
Sector: Healthcare
Short %: 8.34%
Days to Cover: 9.2
% Held By Insiders: 24.38%
% Held By Institutions: 70.00%

Again, pretty much as expected, not a lot of after hours volume on these picks, although MTXX is up over 4% but the first trade was for 1000 shares which moved the stock as much as it did probably because the average volume is only 81,000 shares a day. And true to Cramer's word that we should follow what the big money managers do, MTXX and PRGO both have large insider/institutional holdings. I haven't seen a definite pattern for trading with these types of picks where the stock is held by big holders, but there is certainly a concern that the supply could be limited if they decide to hold and a lot of buyers come in. Now with these, since there isn't a lot of interest tonight, it is hard to say if there will be more volume tomorrow. Of course the 9pm and 12pm viewers of the show may be interested in these cheaper picks and spur some buying. Cramer has also picked PRGO in the past and here is the chart from the day after:

Of course, the past doesn't necessarily mean the same will happen again. Read the update from last time HERE

Finally, Cramer started a new segment called "Sell Block" where he looked at previous picks that he thinks should be sold now. He spoke about investing vs. trading and how sometimes investments can turn into trades quickly and profits should be taken, for example GYMB and PLCE, even though they are down now. He said CTWR Coldwater Creek Inc. is a current example of a picksthat should be sold now and BMY Bristol-Myers Squibb Co. as a stock that if you own, you should be worried.

August 23th - TWX CSCO

Cramer's first pick was TWX Time Warner Inc. and said that the stock won't go anywhere unless it sells off everything but it's cable business.

Closing Price: $16.54
After Hours High: $16.66
Percent Increase at High: 0.7%
After Hours Close: $16.58
Percent Increase at Level Off Point: 0.02%

I don't think I need to add the rest of the details for this one. Closing up 4-cents is nothing to bother with, and not surprising for a stock that has been stuck in the mud for so long.

Cramer then spoke of CSCO Cisco Systems Inc. and said it could break out to $25 before taking a rest. The stock is far too heavily traded for Cramer to have much effect on the stock, as it trades over 40 million shares a day.

Update - SON DYN

SON

Pre-Market Open: $33.49
Pre-Market High: $33.60
Pre-Market Close: $33.60
Pre-Market Volume: 700 Shares
After Hours High Last Night: $33.55

Regular Hours Open: $33.20
Initial Spike Price: $33.65
Time of Spike: 9:55am
Initial Drop in Price from Initial Spike: down $0.85 to $32.80
Time of Initial Drop: 11:15am
High for the Day: $33.65
Low for the Day: $32.80

So SON went above last nights high in the pre-market (even though it was on very light volume) and although the stock did have a steep decline, the peak price came later then usual after the stock opened much lower then the pre-market price.


DYN

Pre-Market Open: $6.11
Pre-Market High: $6.14
Pre-Market Close: $6.04
Pre-Market Volume: 113,300 Shares
After Hours High Last Night: $6.07

Regular Hours Open: $6.05
Initial Spike Price: $6.05
Time of Spike: 9:30am
Initial Drop in Price from Initial Spike: down $0.06 to $5.99
Time of Initial Drop: 9:40am
Initial Drop from Pre-Market high: $6.14 to $5.99
Second Price Spike: $6.15
Second Price Spike Time: 9:55am
Drop from Second Spike: down $0.10 $6.05
High for the Day: $6.15
Low for the Day: $5.97

DYN seemed hell bent on holding $6 today, although went bellow it only briefly. A few opportunities presented themselves but once again, at non-typical times for max gains.

August 22nd - GME SIAL TXU SON DYN

Cramer first took a look at Electronic Arts Madden 2007 release today. His pick off this big release was not ERTS but GME GameStop Corp. GME closed today at $43.61 and was up $0.54. I have this stock on my watch list every day and it is a pretty volatile stock and not one I think is very good for shorting off this Cramer recommendation. It is not uncommon for it to be up or down a dollar on any given day, so a spike in the morning could hold. There are so many game maker stocks and news on new systems like Playstation 3 and the new Nintendo system that could come out and create pin action for GME. The stock is trading after hours at $44.20.

Cramer also keeps saying he is 62...According to Wikipedia his birthday is Feb 10th 1955 making him only 51. Either the site is wrong or Cramer is running this joke for a long time now.

Cramer then looked at new secular growth stocks since he said the regulars (PEP, K, and MO) are played out. His 3 picks were SIAL Sigma-Aldrich Corp. TXU TXU Corp. and SON Sonoco Products Co.

Of the 3, only SON is in a good price range for shorting as SIAL closed today at $72.44 and TXU closed at $65.75.

SON
Closing Price: $33.05
After Hours High and Level Off Point: $33.55
Percent Increase: 1.5%
Trades on NYSE
Sector: Consumer Goods
Short %: 0.63%
Days to Cover: 1.4
% Held By Insiders: 5.26%
% Held By Institutions: 56.50%

Cramer's other defensive picks (the played out ones) have never really been big after hours movers, I assume due to their price and that they aren't really exciting picks that are going to make people rich tomorrow (which I think influences a lot of peoples decisions). At the time of writing this I only see less then a thousand shares traded and the stock up 1.5%. This trades at a low volume of 329,197 shares on average and closed up today $0.25. Possibly some potential tomorrow morning if there is some volume at the open, but I would be cautious if this trades above $33.55 in the pre-market because AHS this morning traded above its after hours price in the pre-market and had a very strong day.

Finally Cramer looked at insider buying and said all insider buying isn't good. As an example he said Vonage insiders are buying, but is probably to make the stock look better then it is. Cramer then went on to mention DYN Dynegy Inc. as the next stock that could benefit from insider buying.

Closing Price: $5.85
After Hours High: $6.07
Percent Increase: 3.8%
Price Level Off Point: $6.06
Percent Increase: 3.6%
Trades on NYSE
Sector: Utilities
Short %: 3.2%
Days to Cover: 3.7
% Held By Insiders: 0.39%
% Held By Institutions: 50.90%

The first cheap pick Cramer has made in a while, and he volume after hours is very high. I'm rather impressed with the composure people have buying after hours only putting the stock up 4%. It was not uncommon in the past for cheap picks to go up over 10%. The stock also jumped another percent after Cramer mentioned "Takeover". With a stock this cheap, only a small drop is needed to get decent gains from a short. Recent price history shows that the stock doesn't normally trade up or down 20 cents in a day, so this movement after hours is substantial and if it opens this high tomorrow a quick drop would not be surprising. Cramer also picked this stock on June 5th of this year, and here is the price chart from the following day, which of course shows that early drop.

Update - AHS

Certainly not a great one today. Although the stock did have a very quick and small drop at the open, and and even better drop from the pre-market high of $22.89 to $22.60, the trend for the day was very strong at about 3x average volume. Thomson I-Watch shows mostly selling into today's rally as the stock has been pushed to a new 52-week high. The short percentage and days to cover wasn't huge, but it looks like it was big enough to cause at least some of this rally in my opinion.

AHS

Pre-Market Open: $22.75
Pre-Market High: $22.89
Pre-Market Close: $22.65
Pre-Market Volume: 7700 Shares
After Hours High Last Night: $22.67

Regular Hours Open: $22.75
Initial Spike Price: $22.78
Time of Spike: 9:30am
Initial Drop in Price from Initial Spike: down $0.18 to $22.60
Time of Initial Drop: 9:45am
High for the Day: $23.76
Low for the Day: $22.60
Closing Price: $23.28, up $1.26 from yesterday's close

August 21st - NOV SQM AHS

Cramer took a look at pricing power during supply shortages and in raising prices they can raise and then beat their earnings. The first play was the shortage of oil rigs and Cramer said day rates are going higher even though the analysts are saying that day rates are going lower. The pick Cramer made was NOV National Oilwell Varco, Incorporated which closed today at $66.78, which is too high to consider shorting off a Cramer recommendation in my opinion.

Cramer then looked at the lithium shortage which was highlighted by the DELL laptop battery recall and recommended SQM Chemical & Mining Co. of Chile Inc. SQM closed today at $107.89, which is again, far to expensive. Of note though, it only traded 4,600 shares all day today.

Cramer's final shortage play was based on a nursing shortage and picked AHS AMN Healthcare Services Inc. which is a company that "sells" nurses. Closing Price: $22.02
After Hours High: $22.67
Percent Increase at High: 3.0%
Price Level Off Point: $22.50
Percent Increase at Level Off Point: 2.2%
Trades on NYSE
Sector: Services
Short %: 8.2%
Days to Cover: 7.0
% Held By Insiders: 1.39%

The volume picked up slowly after hours and had a decent spike in price that held pretty well around $22.50-$22.60. The stock finished strong today up $0.44 and closed just shy of its high for the day. Looks like a good shorting opportunity right at 9:30am tomorrow morning as the stock is lightly traded on average (413,000/day on average) which could lead to a spike at the opening bell if there are a lot of buyers. Also, on more of a long term outlook, there has been plenty of insider selling according to Yahoo! Finance. Maybe cashing in near the stock highs?

Update - OSIS NICE VISG EDO

OSIS

Pre-Market Open: $19.90
Pre-Market High: $19.90
Pre-Market Close: $19.51
Pre-Market Volume: 6327 Shares
After Hours High Friday Night: $19.99

Regular Hours Open: $19.60
Initial Spike Price: $19.60
Time of Spike: 9:30am
Initial Drop in Price from Regular Hours High: Down $0.30 to $19.30
Time of Initial Drop: 9:37am
High for the Day: $19.60
Low for the Day: $18.98
Closing Price: $18.99, Down $0.31 from Friday's close


NICE

Pre-Market Open: $26.75
Pre-Market High: $26.76
Pre-Market Close: $26.55
Pre-Market Volume: 3694 Shares
After Hours High Friday Night: $27.15

Regular Hours Open: $26.83
Initial Spike Price: $27.00 ** Psychological price point not passed yet again.
Time of Spike: 9:33am
Initial Drop in Price from Regular Hours High: down $0.35 to $26.65
Time of Initial Drop: 9:45am
High for the Day: $27.00
Low for the Day: $26.36
Closing Price: $26.79, up $0.32 from Friday's close


VISG

Pre-Market Open: $14.52
Pre-Market High: $14.75
Pre-Market Close: $14.50
Pre-Market Volume: 9080 Shares
After Hours High Friday Night: $15.00 (NASDAQ After Hours and INET differ on this)

Regular Hours Open: $14.74
Initial Spike Price: $14.74
Time of Spike: 9:30am
Initial Drop in Price from Regular Hours High: down $0.41 to $14.33
Time of Initial Drop: 9:47am
High for the Day: $14.80
Low for the Day: $14.29
Closing Price: $14.50, up $0.09 from Friday's close


EDO

Pre-Market Only Trade: $23.98
Pre-Market Volume: 100 Shares
After Hours High Friday Night: $15.00 (NASDAQ After Hours and INET differ on this)

Regular Hours Open: $23.60
Initial Spike Price: $23.90
Time of Spike: 9:31am
Initial Drop in Price from Regular Hours High: down $0.75 to $23.15
Time of Initial Drop: 10:00am
High for the Day: $23.90
Low for the Day: $22.75
Closing Price: $22.84, down $0.22 from Friday's close

August 18th - Security and Military Stocks

Cramer showed repeats of several segments from different shows about the best security and military stocks. The stocks were:

GD General Dynamics Corporation
Closing Price: $68.76
After Hours High: $69.32

ALOG Analogic Corp.
Closing Price: $51.48
After Hours High: $52.20

NICE NICE-Systems Ltd.
Closing Price: $26.47
After Hours High: $27.15

OSIS OSI Systems Inc.
Closing Price: $19.30
After Hours High: $19.99

VISG Viisage Technology Inc.
Closing Price: $14.41
After Hours High: $15.00

AXYS Axsys Technologies Inc.
Closing Price: $15.15
After Hours High: No Trades

EDO EDO Corp.
Closing Price: $23.06
After Hours High: $23.88

Well, if you ask me, you don't have too look to far to see what the market sentiment is. I would say based on the amount of buying after hours off a Cramer repeat show that the market sure feels like a Bull. Some very decent spikes after hours on several of the stocks mentioned. Also, 2 examples where psychological numbers weren't broken in OSIS (High - $19.99) and VISG (High - $15.00).

Last Time Cramer Picked these the highs and lows were:
OSIS high the next day of $22.41 (8:00am) and low of $22.06
EDO high the next day of $27.34 (10:44am) and low of $26.65
NICE high the next day of $57.19 (9:32am) and low of $56.41 -Stock Split in June
VISG high the next day of $18.70 (time unknown) to low of $18.17
AXYS high the next day of $17.66 (10:36am) to low of $17.21
GD high the next day of $68.82 (9:48am) to low of $68.24
No information on ALOG

Another interesting point. All of the picks except GD are down from when Cramer mentioned them on the previous shows. I guess not that surprising given the poor market of late.

August 17th - CEO Stepdowns, HSY AIG

Cramer took a look at 5 companies where if their CEO's leave the stocks could climb.
The stocks were:

MMC Marsh & Mclennan Companies Inc. To $32 if the CEO steps down.
AVP Avon Products Inc.
BOL Bausch & Lomb Inc.
HD Home Depot Inc.
BMY Bristol-Myers Squibb Co.

Cramer actually recommended buying Call Options on these as a way to play the possibility of the CEO's leaving these companies. It seems this approach from Cramer has made people not jump right out and buy these picks after hours. Basically, Cramer is saying these companies aren't that great in their current state, so people must realize that and will wait to buy some Calls tomorrow or wait till they hear actual news of CEO's stepping down. MMC and AVP both traded down slightly after hours on small volume and BMY traded up $0.27 to trade at $21.75.

Cramer then looked at playing the right stocks for this market, which is not the big exciting stocks yet, it is still defensive plays. Cramer recommended HSY Hershey Co. Cramer said it was only trading 3 points above its low, which is incorrect. The 52-week low is $48.20 and the stock is currently trading at $53.03. No immediate trades after hours until Cramer put a target of $2 down and up $15. The stock traded to $53.70 on light volume. The stock is too expensive to get much Cramer Effect in my opinion.

Finally Cramer looked at the Insurance Industry and 3 stocks to see which was the undervalued buy pick:
MMC Marsh & Mclennan Companies Inc.
AIG American International Group Inc.
AOC Aon Corp.

MMC was from the first segment, and Cramer said the stock would go up if the CEO left. He also said AOC which was hit by Elliot Spitzer did rebound, but then fell back down. This of course leaves AIG as the stock Cramer says to buy. The stock closed at $63.58 and has gone up to $64.30 after hours on light volume. Again, too expensive in my opinion to short off the Cramer recommendation.

Update - MCD

MCD lost its momentum before the opening bell. This is the first time in a while I have seen that happen as there is normally some sort of spike even if the stock has gone down in the pre-market. The big block trade right before the open seem to set the stage for a subdued opening as the big block sold for $35.97 after it had been trading above that for the entire pre-market.

Pre-Market Open: $36.10
Pre-Market High: $36.25
Pre-Market Close: $35.97 (on a trade of 65,000 shares)
Pre-Market Volume: Light but large block trade at last trade
After Hours Last Night Price: $36.30

Regular Hours Open: $36.00
Initial Spike Price: $36.07
Time of Spike: 9:33am
Initial Drop in Price from Regular Hours High: Down $0.15 to $35.92
Time of Initial Drop: 9:40am
High for the Day: $36.25
Closing Price: $36.24, up $0.27 from yesterday's close


MON also showed strength today, even though it did not have much of an opening bell spike either. MON also got some recommendations on FAST MONEY last night after Cramer's Mad Money. The stock closed up $0.58 at $47.22 surpassing last nights after hours price increase.

August 16th - MCD MON

Cramer started out with his Top 10 reasons for the rally, and they were:

No supply
Reverse Head and Shoulders (technical analysis speak)
The Consumer is alive
Oil was down
CSCO was a Leader
The Fed may cut rates
Guys were short the NASDAQ
Guys were short capital goods
Retail is on fire
Ben Bernanke

Cramer then looked at the fast food plays and said to sell BKC Burger King Holdings Inc which of course went down after hours. He also said to sell WEN Wendy's International Inc. As mentioned several times, I don't play Cramer's sell picks either short or long. Cramer then named MCD McDonald's Corp. as the "king" of fast food, and the one to buy.

MCD
Closing Price: $35.97
After Hours High: $36.54
Percent Increase at High: 1.6%
Price Level Off Point: $36.30
Percent Increase at Level Off Point: 0.9%
Trades on NYSE
Sector: Services
Days to Cover: 1.8
% Held By Insiders: 0.08%
% Held By Institutions: 75.9%

Another stock with a large institutional presence. Similar situations like this have shown a few possible outcomes. Either stock will stay strong and have only a very small dip in price tomorrow morning, or it will have a decent dip that is "short worthy" but stay positive on the day. In this case though, since the stock is only up about 1% after hours there may be very little to worry about. The stock was up today (as it was a strong market) and trades over 5 million shares a day. The high for today was 35.99, which shows us that the market didn't want to take it past $36 yet, but we have blown through that after hours and has pushed us near a new 52-week high. In the end, not my favorite type of stock to short since it is so well known but hard to ignore the number of times we have seen a 9:30am high price for the day.

Next Cramer picked MON Monsanto Co. and said the company is hated by the street after some recent acquisitions, but Cramer says it is a buy.

Closing Price: $46.64
After Hours High: $47.11
Percent Increase at High: 1.0%
Price Level Off Point: $46.99
Percent Increase at Level Off Point: 0.7%
Trades on NYSE
Sector: Basic Materials
Short %: 1.4%
Days to Cover: 1.9
% Held By Insiders: 0.3%
% Held By Institutions: 86.7%

A curious note I would like to point out on MCD and MON. Both have very little insider holders but large institutional (according to shortsqueeze.com at least). What do the institutions know that the company insiders don't? If the company was worth owning, wouldn't the insiders be the first ones to know that? Another thing, maybe I am just beginning to notice, but Cramer is certainly picking a lot of stocks with high institutional holders. MON in particular has GOLDMAN SACHS as its second biggest institutional holder. I'm not accusing Cramer of working with some old pals, but just making an observation. More specifically on MON, it is outside my price range for shorting picks as it has been seen in the past that the more expensive the pick, the fewer people that buy the stock (probably because they can't afford enough shares to feel it worth while) and creating less of a demand for the stock to create the Cramer effect and therefore reducing the Cramer effect drop.

Update - IGT

Here are the details for IGT's price action today. Although I was on the fence about what this one might do, it clearly showed the Cramer Effect drop. With the high institutional holdings but more heavily traded stock I thought maybe the price would hold better. The difference I see between this and TRMP though is that although the price came down off the initial high, it did stay positive all day and didn't go close to even or negative on the day. Also, another prime example where the price did not go above the psychological price of $38 and retreated quickly when it came close to it.

Pre-Market Open: $37.35
Pre-Market High: $37.94
Pre-Market Close: $37.52
Pre-Market Volume: Light
After Hours Last Night Price: $37.84

Regular Hours Open: $37.95
Regular Hours High: $37.95
Time of High: 9:30am
Initial Drop in Price from High: Down $0.40 to $37.55
Time of Initial Drop: 9:38am
Regular Hours Low: $37.35
Time of Low: 11:50am
Closing Price: $37.43, up $0.33 from yesterday's close

August 15th - BTU ACI IGT

Not a repeat show! Cramer must not be off for the week.

Cramer's first segment looked at how people are trying to scare you out of the market and how we should say in right now. He is not calling a bottom to the market, but said the bears are too bearish. Cramer said he has heard enough about the Home builders sector and said it isn't as bad as people are saying, but he said they aren't buys right now, but still shouldn't scare you out of the market. He quickly mentioned several stocks that did better than people expected but the only one that had much after hours movement was ANF, but that's because they reporting earnings after the bell today.

Next Cramer took a look at Coal stocks, as he said these are the cheapest in the energy sector. He said to stay away from the smaller plays since they are risky and named a few examples that missed their quarters. He mentioned BTU Peabody Energy Corp. and ACI Arch Coal Inc. BTU is a bit on the high price side for my taste, but did hit a high of $45.70 after hours, up $1.02 and closed up strong as well up 82-cents. ACI, which is a bit cheaper also had some good action:

ACI
Closing Price: $34.70
After Hours High: $35.60
Percent Increase at High: 2.6%
After Hours Close: $35.50
Percent Increase: 2.3%
Trades on NYSE
Sector: Basic Materials
Short %: 5.8%
Days to Cover: 2.8

I'm not overly familiar with coal and how the base price of coal works and if it trades like oil and natural gas prices, which I assume it does? Either way, I don't like shorting energy even though we have some nice action after hours in both of these stocks.

Finally Cramer took at look at IGT International Game Technology as a play on slot machines being added to more places besides casinos and Southeast Asia casino expansion.

Closing Price: $37.10
After Hours High: $37.91
Percent Increase at High: 2.2%
After Hours Close: $37.84
Percent Increase: 2.0%
Trades on NYSE
Sector: Technology
Short %: 3.1%
Days to Cover: 5.6
% Held by Insiders: 0.81%
% Held by Institutions: 81.3%

Cramer has been very bullish on this stock since March (according to his performance on thestreet.com) and the stock has gone up from $34 to almost $38 now since March. He has also put a price target of $45 on it in the past. The biggest thing that sticks out at me is the high institutional holding in the stock of 81%. The concern here is that the institutions will hold onto their large position and shrink the float of shares available to everyone else and possibly drive the price up if there is an imbalance of more buyers vs. sellers. We are also right near $38 level so that is an important price to watch. Possibly like TRMP, which hit $18 on the first trade in the pre-market and never went higher the rest of the day. TRMP doesn't have the big institutional holdings, but did have 46% insider holders, but it also traded at a much lower average volume where IGT is over 2 million shares per day. IGT has also been up to $39 in recent days. Bottom line, a tough call that I feel will come down to the overall market and NASDAQ in general.

August 14th - Repeat Show

So a repeat show on a Monday might mean a week off for Cramer. The show consisted of several segments from previous shows.

June 23rd:
High Growth - PNRA Panera Bread Co. Consistent Growth - GIS General Mills Inc. and Value Stocks - WLT Walter Industries Inc.

June 13th:
AAPL Apple Computer Inc., CEO CNOOC Ltd., SGP Schering-Plough Corp. due to their large (but not too large) cash positions.

June 15th:
NUE Nucor Corp. and FCX Freeport-McMoRan Copper & Gold Inc.

He also mentioned NBR Nabors Industries Ltd. and AMGN Amgen Inc. as companies who borrowed money to do share buybacks and said SYMC Symantec Corp. was about to do the same thing, which is not good for stocks.

June 1st:
Finally the segment on orphan stocks was shown. He spoke about getting into a stock before it makes it big and listed several examples of strong companies now, who were little known not too long ago. He didn't mention the new potential orphans from the original show, but here they are anyway:

BOOM Dynamic Materials Corp.
ELRC Electro Rent Corp.
NTCT NetScout Systems Inc.
LAYN Layne Christensen Co.
EGY Vaalco Energy Inc.

For those who recall, BOOM was declared the best orphan. It is currently only $1 higher then it was back on June 1st. ERLC is down about $2, NTCT is down about $2, LAYN is down about $1, and EGY is the only one that is currently up, about $1.

None of these really show any short potential. If he had have mentioned the orphan picks, they may have received some attention, but he didn't. The others are just to big in my opinion.

August 11th - Retail Plays - Repeat

Cramer took a look at the best of breed retail plays. This is actually a repeat of his May 15th show. The stocks mentioned are:

BBY Best Buy Co. Inc.
LOW Lowe's Companies Inc.
COST Costco Wholesale Corp.
WMT Wal-Mart Stores Inc.
MW Men's Wearhouse Inc.
FD Federated Department Stores Inc.
SHLD Sears Holdings Corporation
JCP J C Penney Corporation, Inc.
CWTR Coldwater Creek Inc.
SBUX Starbucks Corp.
CBH Commerce Bancorp Inc.

With Cramer saying to not buy these right now, but to buy on pull backs in the future, and that they are all big well known stocks, not a lot of interest here from a shorting perspective in my opinion.

Update - TRMP

TRMP opened in the pre-market at $18.00 even but didn't break it and the stock drifted lower in the pre-market going to $17.70 and down as low as $17.54. The stock then opened at $17.81 and again fell on a steady decline to an initial low of $17.19 at 10:01am on its steepest decline and later hit a low for the day of $17.07. The stock then rebounded a bit in the afternoon going as high as $17.51. I see this as a good example of the Cramer effect drop and how after that drop is over the market generally takes over and makes it hard to predict where the stock might go.

August 10th - KEYW MGM TRMP

Cramer first took a look at the terrorist plots and said the market reacted incorrectly in some sectors, including terrorist defense stocks, but named 3 that could work which were:

KEYW Essex Corp.
VAR Varian Medical Systems Inc.
LLL L-3 Communications Holdings Inc.

KEYW is the only stock with the right price per share for shorting of the 3. The was little focus on these 3 stocks and there was no trades after Cramer mentioned the stock. Cramer did mention KEYW in the past when the stock was trading at $20.50 and it did present a good short as the stock went up as much as $2, but I don't think we will see the same tomorrow.

Cramer then moved on to Casino plays, something that he hinted at doing on last nights show. His best of breed pick was LVS Las Vegas Sands Corp. followed by his less aggressive picks of MGM MGM Mirage and HET Harrah's Entertainment Inc. as these 3 casinos are expanding their operations to other countries. Cramer also mentioned WYNN Wynn Resorts Ltd.

LVS had some odd trading after hours as the stock closed up $1.25 after hours at $61.80 after closing at $60.55. What is odd about it is that there were 2 trades after Mad Money finished at $61.69 and $61.80 when the trades during the show stayed much closer to $61.00. Aside from that, MGM was the only pick with a good price for shorting, but it only had 1 trade after hours at $35.57, up 50-cents.

Finally, Cramer had Pat Croce on and said to "watch" TRMP Trump Entertainment Resorts Inc. An interesting word to use: "watch". Why not buy? Was he just being nice due to his guest? Either way the stock reacted.

Closing Price: $16.98
After Hours High: $17.85
Percent Increase at High: 5.1%
After Hours Close: $17.70
Percent Increase: 4.2%
Trades on NASDAQ
Sector: Services
Short %: 10.7%
Days to Cover: 6.2
% Held By Insiders: 46.7%

It appears the comment that this stock could go up $10 if they get the slot parlor deal had a small effect on watchers as they sent the stock up a nice percentage. The company has negative earnings, is near its 52-week low, and only trades 300,000 shares per day on average. We also have a nice psychological price point of $18 to keep an eye on to see if it comes close but doesn't break it early tomorrow. I think if it doesn't break it, it will likely have a nice fall. I'm not sure how soon they might get this slot parlor deal, but certainly keep an eye out for that news just in case tomorrow morning before making any moves.

August 9th - FD WHR PG JNJ

Cramer took a look at companies that have made good acquisitions and made the following 4 picks based on that:

FD Federated Department Stores Inc. WHR Whirlpool Corp.
PG Procter & Gamble Co.
JNJ Johnson & Johnson

The cheapest and only stock under $40 is FD and it had no trades after hours. There was hardly any trades after hours for any of these picks and all trade with pretty big volume that make it hard from Cramer to make much change one way or the other in the stock.

The stocks that Cramer said have made bad acquisitions were:

BRCD Brocade Communications Systems Inc.
S Sprint Nextel Corp.
EBAY eBay Inc.
EMC EMC Corp.
ALA Alcatel and LU Lucent Technologies Inc.
BSX Boston Scientific Corp.

A few of the stocks went down a bit after hours. BRCD was hammered the other day down around 20% already. I'm not one to short these "bad acquisition" stocks here.

Update - IACI VCLK NILE

IACI had large pre-market volume where the opening trade at 8:00am was $26.48, which was equal to last nights after hours high. The price was then very choppy but went towards the opening bell on a increase to the pre-market high of $26.71 at 9:28am and opened at the same price at 9:30am which also happened to be the high for the day. The initial price drop in the stock was to $26.12 at 9:49am and the low of the day of $26.03 was seen at 3:52pm.

VCLK also had some decent pre-market volume opening at $17.24, slightly below last nights after hours high. It then dipped to $16.96 minutes before the opening bell but gained to $17.10 at 9:29am. At the regular open the stock traded at $17.13 and hit its high for the day of $17.17 at 9:32am before falling to an initial low of $16.83 and subsequent low for the day at $16.42 at 3:14pm which was in the red for the day.


NILE, which I thought would be more volatile due to the current short situation shows a pretty slow drop throughout the day and showed the "Cramer Effect Drop" right at the open. The stock opened the pre-market at $32.48 at 9:07am, well shy of its after hours high last night of $32.99. It did hit a pre-market high of $32.75 for 1 trade at 9:28am but went into regular trading with the last trade at $32.50. The stock then opened strong at 9:30am reaching $32.85 and hit its high of $33.00 at 9:35am. Another example where the stock would not push through a psychological price barrier. The price then had an initial low of $32.10 at 10:09am and a low for the day of $31.50, exactly $1.50 off its high.


In the end, each stock gave shorting opportunities as well as some confidence that Cramer has not lost his touch to move a stock in the short term. It also shows the excitement with tech stocks, as this sector has performed well for shorting according to my data.

August 8th - NILE VCLK IACI

Cramer took a look at the new plays and old plays in the internet dot-com world. He was negative on EBAY, AMZN, and TWX while he was bullish on NILE Blue Nile Inc. VCLK ValueClick Inc. and IACI IAC/InterActiveCorp

NILE
Closing Price: $31.06
After Hours High: $32.99
Percent Increase at High: 6.2%
After Hours Close: $32.37
Percent Increase: 4.2%
Trades on NASDAQ
Sector: Technology
Short %: 26.2%
Days to Cover: 27.4
% Held By Insiders: 12.8

NILE had the least number of trades but went up the highest after hours, most likely due to the high short percentage and days to cover. This could cause some volatility in the stock, as it has already come considerably down from its highs after hours.

VCLK
Closing Price: $16.62
After Hours High: $17.30
Percent Increase at High: 4.1%
After Hours Close: $17.14
Percent Increase: 3.1%
Trades on NASDAQ
Sector: Technology
Short %: 8.97%
Days to Cover: 7.5

VCLK had the second most trades after hours of the 3 picks which is surprising since it was the "cheapest" pick and is the second fastest growing internet stock behind Google. I don't really consider that a comparison to Google which I stay away from shorting, but this one has some potential but still requires some caution.

IACI
Closing Price: $25.55
After Hours High: $26.48
Percent Increase at High: 3.6%
After Hours Close: $26.36
Percent Increase: 3.2%
Trades on NASDAQ
Sector: Technology
Short %: 7.1%
Days to Cover: 8.0

Finally IACI had the most after hours trades and closed after hours near its highs. Very similar to VCLK in terms of percent increase and current short numbers. It did have a very good story to go with it and Cramer named it the new king which I'm sure had to do with the higher volume of trades.

Update - GYMB

GYMB traded lightly in the pre-market with only 2 trades at $31.80 and $31.81 right before the open after trading at $31.99 last night. The stock then opened at $31.88 and saw an early low of $31.62 and then was very up and down after that. There was a late day high of $32.35 with the low of the day afterwards of $31.25. The stock closed down 8-cents on the day. So even though the stock did end down and could have been a good short there was pretty good strength in the stock for the better part of the day, which I attribute to the large institutional holding in the stock.

August 7th - PLCE GYMB CPKI

Cramer started out by bashing the teen apparel companies citing high competition. He suggested switching focus to the children's apparel group namely PLCE The Childrens Place Retail Stores, Inc. and GYMB Gymboree Corp.. Cramer said PLCE was his favorite of the two.

PLCE
Closing Price: $56.53

GYMB
Closing Price: $31.60
After Hours Price: $31.99
Percent Increase: 1.2%
Trades on NASDAQ
Sector: Consumer Goods
Short %: 8.5%
Days to Cover: 2.7
% Held By Insiders: 1.5
% Held By Institutions: 96.4

Another HUGE institutional holding stock pick in GYMB. The last time this happened (last week) was MAS that had 91% institutional holdings and had a very strong day the day after Cramer recommended it and didn't show any Cramer effect price drop. In fact the stock, much like GYMB, didn't go up very big after hours and even traded at the previous close in the pre-market the next day before taking off shortly after the opening bell. Needless to say that obviously has me concerned about a short here.

Next Cramer looked at high multiple stocks that have been getting hit pretty hard lately. The reasons for this "multiple contraction" are:

1) Interest rates and inflation
2) Stocks shouldn't trade above twice the growth rate
3) Priced for perfection but can never deliver perfectly
4) Companies need to beat numbers, not just meet if they hope to hold their multiple
5) People will take their profits as it starts to come down

No picks made here, just some examples of stocks that have already been hit. Cramer did say that HANS Hansen Natural Corp. is the least likely to come back from their "multiple contraction". He then said SBUX Starbucks Corp. was the better bet to rebound from their drop.

Finally Cramer had the CEO from CPKI California Pizza Kitchen Inc. on, and Cramer explained it as a regional to national play. The stock was up after hours before Mad Money aired because it reported earnings after the bell, so the few trades from people buying off Cramer's recommendation have only brought the shares up 14-cents, not the entire 92-cents the stock is up after hours. Again, I would be worried what might happen to a stock like this the next day off a Cramer recommendation and an earnings report. I think the earnings news would trump any sort of Cramer effect and make it harder to predict a fall.

August 4th - Repeat Show

A recent trend with Cramer taking Fridays off and showing repeat or piece meal shows. Looks like a really old one based on the old bull/bear graphics and studio walls.

So if you're interested, take a look at my new Fast Money Recap Site Fast Money appears to have quite the following as there have been several comments about it already.

Update - MRX

Although the after hours prices for MRX was very odd, it got a second recommendation on Fast Money last night which appears to have given it an extra push. There were only 3 pre-market trades at $27.24 which was yesterdays regular hours closing price. The stock then opened at 9:30am at $28.00 which was the high for the day. The stock then went much lower and had a low for the day of $26.77. The stock closed at $27.00 down 24-cents. The volume was lower then average on the day. So it was very surprising to see the spike at the opening bell. I'm not sure how the Fast Money crowd may have influenced the stock ontop of Cramer recommending it. Why people felt the need to bid up that much at the open when the stock traded in the pre-market much lower. Probably some market orders. Either way, always a good sign for shorts!

August 3rd - Buyback Plays the Good and Bad

Cramer took a look at buyback programs and how not all are good. Cramer listed examples of a bad buyback and they were:

1) Borrow money for the buyback - Example TWX Time Warner Inc.
2) "Botox Buyback" Buy back shares to reduce the float of shares to raise earnings per share - Example ENR Energizer Holdings Inc.
3) "Schizophrenic Buyback" Buying stock when the price should be going down - Example PFGC Performance Food Group Co.
4) "Impotent Buyback" Buy back shares and the issue new stock - Example YHOO Yahoo! Inc.

Next Cramer looked at good examples of company buybacks.

1) Value Buyback where the stock is cheaper then their assets - Example OMM OMI Corp.

Closing Price: $22.67
After Hours High and Close: $23.05
Percent Increase: 1.7%
Trades on NYSE
Sector: Services - Shipping
Short%: 5.7%
Days to Cover: 4.4
% Held By Insiders: 4.04%
% Held By Institutions: 74.70%

Small after hours volume and increase. Large institutional holding again (although not as bad as MAS last night). It is also an ANGO no-short rule since it is trading below the high of the day of $23.08.

2) No one believes in us buyback JCP J C Penney Corporation, Inc.

Closing Price: $64.20

3) Afraid to be taken-over buyback - Example IR Ingersoll-Rand Co. Ltd. and MRX Medicis Pharmaceutical Corp.

IR Closing Price: $37.97
MRX Closing Price: $27.24

MRX had some very strange after hours prices. There were a few trades up a penny at $27.25 and then 19 shares at $32, 81 shares at $33 and 50 shares at $25.37. Probably a mistake, but makes it hard to follow.

4) Pressure Buyback - Example DVN Devon Energy Corp.

Closing Price: $64.27

Update - MAS

MAS traded lightly in the pre-market, with all the trades shown below. As you can see, the stock traded at its close from regular hours last night at $26.55 before going up 10-cents before the open.
9:28 $26.65 300
9:27 $26.65 300
9:27 $26.64 200
8:59 $26.55 400
8:59 $26.55 500
8:59 $26.55 100
8:26 $26.68 100

At 9:30am, the stock opened at $26.70, went to $26.80 and back to $26.70 before slowly taking off and making big gains on the day reaching a high of $27.74. I-watch shows heavy buying all day long with again all institutional and non I-watch (most likely hedge funds) participants (25% and 75% respectively, 0% retail investors). Certainly makes for a good argument to not short Cramer recommendations where the institutional holders make up over 90% of the owned shares.

August 2nd - CVX MAS

Cramer first looked CVX Chevron Corp. who somehow had a bad quarter considering the current oil market and the great results from its peers. After that he still says it's still a buy. He made note how the company had a bad quarter and missed by 20-cents and it hardly went down, compared to other stocks that barely missed that went down huge. Cramer basically said that no matter what they do, or how bad they do it, the stock will still go up.

Closing Price: $65.97
After Hours High: $66.35
Percent Increase at High: 0.6%
Price Level Off Point: $66.32
Percent Increase at Level Off Point: 0.5%
Trades on NYSE
Sector: Basic Materials
Days to Cover: 3.4
% Held By Insiders: 0.05%
% Held By Institutions: 61.80%

As always I never short an oil stock, including an oil stock that misses their numbers. Not to mention the entire point that Cramer is stressing how bad news hardly took the stock down, so shorting makes little sense based strictly on the Cramer effect.

Next Cramer looked at the New York Times and an article about real estate and how with all the homes on sale that they need to be in top shape in order to sell. Cramer said the article doesn't give the pin action on how to make money off this trend. The stocks he recommended were FO Fortune Brands Inc. and MAS Masco Corp.

FO trades at over $72 so I will skip right to MAS

Closing Price: $26.55
After Hours High: $26.75
Percent Increase at High: 0.8%
Price Level Off Point: $26.65
Percent Increase at Level Off Point: 0.4%
Trades on NYSE
Sector: Industrial Goods
Short %: 2.9%
Days to Cover: 3.3
% Held By Insiders: 1.96%
% Held By Institutions: 91.20%

A few things to note here. Some pretty good after hours activity, but isn't reflected in the price increase unfortunately and a huge institutional holding in this stock of 91%! I-Watch shows no retail action (individual traders) in the stock so this looks like a stock controlled by the big boys. Not much to get excited about since there is hardly a price increase, but I also really don't want to bet against institutional holders at that high of a percentage. Maybe the funds will try to limit the float to force a run up and try to sell into it? Otherwise I don't see them selling a lot into a 10-cent price change.

Cramer then took a look at some of his recent picks that have performed well as well as some of his not so great picks. Assuming people only listen to the good, these sort of "reminders to viewers" can only help in people bidding up stocks again. There must be some new optimism (or maybe just new viewers) in the market since we are seeing more buying in the after hours and pre-market then we have seen in a long time.

Finally, Cramer played Am I Diversified.

Update - PFE UARM

PFE opened in the pre-market at $26.13 after trading slightly higher after hours last night. The stock saw a pre-market high of $26.23 at 9:05am before slipping to $26.00 before the bell. The stock then opened at $26.21, had a slow steady climb to the high for the day of $26.46 just after 11:00am before falling quickly to a low of $25.32 on what I can only assume was the charges laid against the company about patent infringement with PFE's inhalable insulin product and the shortening of their patent of Lipitor by 15 months. Without that news, it appeared the stock was holding strong and didn't have any Cramer pop and drop. Like I mentioned last night I would have been surprised if Cramer could really move the stock too much considering its high daily volume.


UARM, Cramer's sell pick interested me today because I thought it would be a good example of what might happen from a sell pick. Cramer had been positive on this stock at the IPO and a few times afterwards. He was up and down on the stock since then and I recall he wasn't impressed with their first earnings report and mentioned the p/e ratio was getting a bit high and he repeated that again last night as a reason to take profits and run.
UARM opened in the pre-market at $38.65, after dropping as low as $37.60 last night. The stock then went even lower then last nights price and hit a low in the pre-market of $37.30 even though a few minutes later it was back over $38, but went back to $37.41 just before the bell. The stock then opened regular trading at $37.33 and did show the "reverse Cramer effect" as the stock quickly went up to the high of $38.18 before drifting lower and staying down for the rest of the day.

August 1st - PFE CMCSA

Cramer's first segment looked at his interview from last night and how he didn't realize that there was an expected increase in prescriptions with Medicare part D, but the company did. Cramer then wanted to find a stock that could benefit from this prescription spike and his pick was PFE Pfizer Inc.

Closing Price: $25.99
After Hours High: $26.35
Percent Increase at High: 1.4%
Price Level Off Point: $26.22
Percent Increase at Level Off Point: 0.9%
Trades on NYSE
Sector: Healthcare
Short %: 0.74%
Days to Cover: 2.1
% Held By Insiders: 0.10%
% Held By Institutions: 64.6%

Again, nice to see a lot of buying after hours off a Cramer recommendation. I have a feeling that the more well known and cheap a stock is right now the better chance the stock will get some action after hours. The unfortunate thing here is that we aren't up very much and we are dealing with a VERY heavily traded stock that trades nearly 30 million shares a day. Of course that 65% institutional holding of the stock would have far more control over the price vs. the Cramer buyers. There is a good bet that the institutions will sell into the "spike" in a similar way that XMSR did today, assuming the price doesn't fall right back down to the closing price.

Cramer's next pick was CMCSA Comcast Corp. after it has been looked down upon by analysts and Cramer alike. Cramer has now switched his view and says its a buy.

Closing Price: $34.19
After Hours High: $34.50
Percent Increase at High: 0.9%
Price Level Off Point: $34.40
Percent Increase at Level Off Point: 0.6%
Trades on NASDAQ
Sector: Services
Short %: 1.9%
Days to Cover: 4.1

Apparently not an interesting pick for viewers with no immediate trades after hours. The first after hours trade came in at $34.41, up only 0.6% on 100 shares. Even though CMCSA has more than just VOIP, I wonder if people are scared away from it since Cramer constantly says there is no money in VOIP due to the high amount of competition, and the "Vonage the Dog" factor??

Finally Cramer looked at UARM Under Armour Inc., a stock that he backed before the IPO. He is now saying that the stock is over-valued and put it in his "Danger Zone". This has of course sent the stock down after hours from the close of $39.00 to as low as $37.60, even after being down $1.15 today already. I still think this is still a popular product, and the type of "cool stocks" that Cramer said were good to be in not that long ago. To Cramer's credit though he did say that the stock could go up still, but it is best to take profits now since it has been up so much and its p/e ratio is probably too high for its growth potential. I think this one has great potential for the reverse Cramer effect where the stock is being oversold tonight and will probably rebound tomorrow morning. There is pretty large insider and institutional holders of the stock, 64% and 16% respectively. Might be worth taking a look at I-Watch tomorrow to see if there is some buying pressure with the beaten down price. Looking at I-Watch from today, there was heavy buying pressure even with the stock being down, so someone likes what they see still.


http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?ticker=uarm

Update - XMSR

XMSR opened in the pre-market at $12.00 at 7:10am. At 8:00am the pre-market high of $12.43 was seen. The stock was very jumpy in the pre-market trading between $12.43 and $12.10 over the first few minutes after 8am. Closer to 9am, the stock started to fall and hit a pre-market low of $11.94 at 9am. It once again rose to $12.30 before closing the pre-market at $12.19 but also had trades at $12.08 in the final minute before the bell. The stock then opened at $12.25 at 9:30am and hit the high for the day of $12.28 in the first few minutes of regular trading and then took an initial drop to $11.93 shortly after 10am. The stock hovered around the $12 mark and had a low for the day of $11.87 but finished with a strong up push to $12.19. So in the end, plenty of opportunity to get in with a good quick short considering how volatile the stock was and heavily traded. Of course this is another example where my no-short rule did not apply.

Thomson I-Watch showed pretty heavy selling of the stock for the better part of the day. This selling can be interpreted as selling by institutions and hedge funds as retail traders only represented 7% of the trades. See the full I-Watch data HERE



I-Watch chart for today: