October 18th - RATE

Cramer started out talking about Yahoo! and how it needs to make some acquisitions to boost its growth and struggling stock price. Cramer said he was going to give several picks over the next several days that could be owned on their own merit and not just as targets for a takeover. The first stock (which Cramer said not to buy after hours) was Bankrate Inc. (RATE)

Closing Price: $30.11
After Hours High: $31.26
Percent Increase at High: 3.8%
Price Level Off Point: $30.95
Percent Increase at Level Off Point: 2.8%
Trades on NASDAQ
Sector: Technology
Short %: 32.04%
Days to Cover: 15.7
% Held By Insiders: 33.60%

Big short percentage and days to cover here on a low volume stock. The stock is well off its highs and is still at over a 50 p/e ratio which makes this a pretty expensive stock (considering GOOG only trades at a 60 p/e). The price did break through $31 which makes the top harder to predict if it breaks it again early tomorrow. The other thing to consider is that the last few picks haven't peaked right at 9:30 but 10 or 15 minutes after the bell so I would be a bit patient to try to find the best short time to get as close to the peak as possible. Cramer mentioned again right at the end of the segment to wait 3 days to buy, so he is certainly predicting a fall here as well.

Next Cramer recommended Southern Copper Corp. (PCU) which is to expensive of a pick for shorting in my opinion and finally played "Am I Diversified".