free counter statistics

Wednesday, August 09, 2006

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.

Comments on "Update - IACI VCLK NILE"

 

post a comment