October 19th - KNOT

Today Cramer gave his second recommendation for a Yahoo! takeover target and recommended The Knot, Inc. (KNOT)

Closing Price: $23.93
After Hours High: $25.15
Percent Increase at High: 5.1%
Price Level Off Point: $24.88
Percent Increase at Level Off Point: 4.0%
Trades on NASDAQ
Sector: Technology
Short %: 10.83%
Days to Cover: 6.1
% Held By Insiders: 45.69%
% Held By Institutions: 46.20%

After the strength today in Cramer's Yahoo! takeover pick from yesterday (RATE) and the boost the tech sector may get from Google's earnings announcement tonight I would be very cautious with this one. This after hours action has also pushed this to a new 52-week high price but the stock trades at almost an 80 current p/e which seems rather high. The possibilities with a 52-week high pick are that people could take profits at the top or the momentum players could try to take it higher...and with Cramer takeover talk it could be the later.

Next Cramer spoke of the value in listening to company conference calls and looking for key words like cutting guidance and the overall confidence of the management in general and during the Q&A session. There were no real picks here but its probably worth reading the full recap on thestreet.com to get the full details of this segment to learn about the conference calls.