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Thursday, November 09, 2006

November 9th - NYX CMG JBX

Cramer first spoke of NYSE Group, Inc. (NYX) and said that the stock could go to $250. The stock closed today $87.56 and although it is an "expensive" stock it had plenty of after hours volume and was up $3.62, after the stock was up $5.05 in regular hours trading. Even with the 4% after hours it is too expensive for shorting in my opinion as it would take a lot of capital to get a small number of shares short, not to mention the momentum the stock has shown.

Next, Cramer said Burritos are the new pizza and recommended Chipotle Mexican Grill, Inc. (CMG) and Jack in the Box Inc. (JBX). CMG closed today at $56.58 (down $1.10) and after hours only went up $0.67. JBX closed today at $54.75 (down $1.15) and after hours only went up $0.50. So both stocks have very similar days and reactions to Cramer's recommendation, but both weren't able to recover their days losses which means these are ANGO no-short stocks (when the stock price after hours doesn't go above the daily high) not to mention they are above the price that has shown to be best for shorting.

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