October 17th - SPLS SONE

Cramer recommended Staples Inc. (SPLS) as a best of breed stock in a strong sector who trades at a discount to its peers.

Closing Price: $26.47
After Hours High: $27.29
Percent Increase at High: 3.1%
Price Level Off Point: $27.26
Percent Increase at Level Off Point: 3.0%
Trades on NASDAQ
Sector: Consumer Goods
Short %: 1.05%
Days to Cover: 1.6
% Held By Insiders: 0.57%
% Held By Institutions: 87.10%

Getting close to the 52-week high here with the small surge after hours. The price is at a good level and the stock has retreated from $27.00 the last few days of trading. So the question is will it fall back off $27 this time or blow right through it? It does appear that $27 was a resistance point as the stock has climbed from the $22 level in recent weeks (so where was Cramer at $22?) . With no short percentage currently in the stock and a shaky market right now I could see some sellers at the open on a price jump but $27 could now be the floor.


Next Cramer looked at S1 Corp. (SONE)

Closing Price: $4.96
After Hours High: $8.56 (obviously someone used a market order...or typed in 8 instead of 5??)
Percent Increase at High: 72%
Price Level Off Point: $5.70
Percent Increase at Level Off Point: 14.9%
Trades on NASDAQ
Sector: Technology
Short %: 4.59%
Days to Cover: 16.2
% Held By Insiders: 1.91%
% Held By Institutions: 68.20%

Ouch...someone did something stupid and paid up 72% and the stock slowed down after Cramer said that anyone that bought SONE tonight was "stupid". Large short position for a low average daily volume stock could create some havoc tomorrow and the stock is also approaching its 52-week high (and of course passed it with that 1 ridiculous trade if in fact it wasn't withdrawn somehow). The stock has barely broken $5 in the last several months and never stayed above $5 for more than one day so going well above $5 tonight is a bit excessive if you ask me. Certainly an opportunity tomorrow morning anywhere near $6 as I would be down right shocked if it hit $6, but that is certainly no guarantee that it won't.