October 27th - LOW PMTI

Cramer started out by calling a bottom in Lowe's Companies Inc. (LOW). Much like CAG from yesterdays show LOW is a large cap stock that trades at a high volume (nearly 9 million shares per day). The reason I'm not a big fan of shorting these types of stock is because they don't generate huge buzz (only 5,000 shares traded in the pre-market today for CAG) even though CAG did fall quickly at the open today from $26.10 down to $25.76 but that isn't as big of a drop as the 1 day chart from today would seem. LOW closed today at $30.34 so although it is in an ok price range, it isn't a stock I think will present a great Cramer effect shorting opportunity.

Next Cramer recommended Palomar Medical Technologies Inc. (PMTI) which closed today at $48.81 which again is too expensive to consider a short from in my opinion. Again it appears Cramer is taking the high road and suggesting more well established stocks as the overall market hits new highs....and again I don't blame him for that.