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.