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Monday, November 13, 2006

November 13th - CWTR TM KBH

Cramer's first recommendation was Coldwater Creek Inc. (CWTR) for its new online "easy to use" website and overall business and is another regional to national story.

Closing Price: $28.60
After Hours High: $29.70
Percent Increase at High: 3.8%
Price Level Off Point: $29.55
Percent Increase at Level Off Point: 3.3%
Sector: Services
Days to Cover: 12.1
Short %: 19.23 %
% Held by Insiders: n/a
% Held by Institutions: n/a

The company is set to release earnings on November 21st. This is also a big week for other retail stores to report earnings, so depending on how those other companies do in their earnings reports it may effect the entire sector as well as this stock. I haven't had time to check, but the stock was as high as $29.30 today, before it closed the day in the red down 19-cents at $28.60, so I can only assume one of its peers didn't do very well. So, with the stock trading around $29.60 after hours, we are only up 30-cents from today's high. Also, the 50 day moving average is at $28.96 so this move after hours has pushed us well above that (much like it did today obviously), so with this "good news" from Cramer, $29 could easily be the support level now.

I would also like to take this opportunity to give a sneak peak to the program I have been working on that I like to call "Instant Homework". What it does is take any stock code I type in and it goes and "crawls" the web on certain webpages for specific stock information that I use to make some calculations and show some figures that can be important when analyzing stocks. This is a very rough look at what my program is generating. I plan on adding to this as time permits and cleaning it up and developing some way organize the different stocks that are analyzed. So please feel free to comment here on this blog with suggestions (or stocks you would like to see some analysis on). CWTR ANALYSIS HERE

Cramer's next recommendation was Toyota Motor Corp. (TM)

Closing Price: $120.88
Sector: Consumer Goods
Days to Cover: 1.6
Short %: 0.04 %
% Held by Insiders: 0.99 %
% Held by Institutions: 2.60 %

Too rich for my blood on the short side here because these expensive stocks don't get the big spikes (percentage-wise) as the stock is only up around 50-cents after hours.

Finally Cramer recommended KB Home (KBH) after the CEO stepped down after an options back dating allegations.

Closing Price: $44.78
Sector: Industrial Goods
Days to Cover: 3.7
Short %: 13.43 %
% Held by Insiders: 3.73 %
% Held by Institutions: 86.90 %

Cramer's said that the CEO obviously saw value in the stock and that's why stock options were granted. Otherwise he could have just issued cash. Cramer also restated his theory that stocks get his with options backdating allegations that the stocks normally rebound after nothing really bad happens in the long run with the stock. The is above the max price I look for when shorting and the stock is only up just over 1% after hours.

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