November 6th - Tech Stocks KKD BBI

Cramer started out talking about market leadership and stocks that just don't want to go down.
He said the new leader is technology and named off several big name tech companies that are all good buys (basically any big tech name you can think of he mentioned). I certainly would not run out and short ever tech company since there was no stock that was focused on even though I'm sure people went out and bought some of the names mentioned.

Next Cramer recommended KRISPY KREME DOUGHNT (KKD) even after he has been bearish on the stock for a long time. He did not come up with this idea himself as another analyst recommended the stock recently. Cramer said that the risk reward is great for this stock right now.

Closing Price: $9.58
After Hours High: $10.85
Percent Increase at High: 13.3%
Price Level Off Point: $10.63
Percent Increase at Level Off Point: 11%
Trades On: NYSE
Sector: Services
Days to Cover: 51.8
Short %: n/a
% Held by Insiders: n/a
% Held by Institutions: n/a

Insane pop after hours on this recommendation after the stock was already up 5% today during regular hours. Cramer claims that there are no weak hands in the stock which means he doesn't think it can be taken down much. I'm not sure I trust the short data since it says it says 51.8 days to cover, but the short % is missing. Either way, I don't think this stock can hold this large gain based on some analyst recommendations on a hated stock. Unless it breaks $11 early I would think a short in the high 10's would be pretty good short point.

Finally Cramer recommended another beat up stock Blockbuster Inc. (BBI) after the company is trying to compete with netflix by allowing customers that return mailed DVDs to the store directly instead of putting it in the mailbox a free rental.

Closing Price: $4.42
After Hours Price: $4.76
Percent Increase: 7.7%
Trades On: NYSE
Sector: Services
Days to Cover: 18.8
Short %: 19.26 %
% Held by Insiders: n/a
% Held by Institutions: n/a

Another counter intuitive pick from Cramer that I'm sure has many people questioning him. With both this and KKD, these are not going to be overnight turnarounds which tells me that the likelihood of this holding its gains of nearly 8% tonight are unlikely in my opinion. The only thing to consider with these two picks would be the short days to cover if in fact people get scared by this after hours action and are paniced into covering tomorrow. Regardless, I still don't think these large gains will hold the entire day.