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Wednesday, August 23, 2006

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.

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