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.