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Wednesday, October 04, 2006

October 4th - TUP WM ALSK T

Cramer looked at some dividend plays and recommended Tupperware Brands Corporation (TUP) , Washington Mutual Inc. (WM) , Alaska Communications Systems Group Inc. (ALSK) , and AT&T Inc. (T)

TUP
Closing Price: $19.73
After Hours High: $20.08
Percent Increase at High: 1.8%
Price Level Off Point: $20.05
Percent Increase at Level Off Point: 1.6%
Trades on NYSE
Sector: Consumer Goods
Short %: 7.0%
Days to Cover: 14
% Held By Insiders: 1.87%
% Held By Institutions: 79.10%

ALSK
Closing Price: $13.72
After Hours High: $14.44
Percent Increase at High: 5.2%
Price Level Off Point: $14.15
Percent Increase at Level Off Point: 3.1%
Trades on NASDAQ
Sector: Technology
Short %: 15.33%
Days to Cover: 8.3
% Held By Insiders: 1.36%
% Held By Institutions: 75.00%

Like Cramer mentioned, not the most exciting picks, but there was some decent buying after hours on TUP and ALSK which are in a good price range for shorting. WM and T are a little more expensive and didn't get very much of a price increase after hours. Both TUP and ALSK have some strong institutional holdings, likely from some dividend funds I would think. Given the positive mood of the market and the strength of Cramer's two picks from yesterday I will be curious to see if the first spike in the morning comes a bit later after the opening bell and not right at the bell which has been the case the last while except the last few picks. TUP isn't up much after hours so ALSK might be the one with the attention tomorrow. My one concern is that if this is a dividend stock people may not care to sell on any run up and are holding just for the dividend. This could then cause a shortage of supply since both these stocks trade under a half million shares a day on average.

Next Cramer looked at Yamana Gold Inc. (AUY) as a "Bear Stock" vs Humana Inc. (HUM) as a "Bull Stock".

AUY is a cheap stock that closed today at $8.20 and the after hours took it to a high of $8.39 but that is still below the high for the day of $8.58 so this is an ANGO no-short rule for me. HUM on the other hand is to expensive as it closed at $67.97 today.

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