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Monday, December 11, 2006

December 11th - DAKT LAMR SWY

Cramer's first recommendation was Daktronics Inc. (DAKT) as a play on digital billboards.

Closing Price: $36.91
After Hours High: $ 38.44
Percent Increase at High: 4.15%
After Hours Most Recent Price: $ 38.43
Percent Increase at Most Recent Price: 4.12%
Sector: Industrial Goods
Days to Cover: 7.0
Short %: 12.74 %
% Held by Insiders: 16.49 %
% Held by Institutions: 60.60 %
50 Day Moving Average: $27.44
200 Day Moving Average: $23.74
Average Price Drop for Sector: 3.2%

Decent volume after hours and a good price pop that climbed steadily after hours. The stock was down $1.18 during the regular hours so the after hours brought it into the green by about 30-cents. Pushing the upper limit of prices considered for shorting but the volume and price increase were strong enough to consider this an opportunity for tomorrow morning.

His second pick was Lamar Advertising Co. (LAMR) which is a play on companies who buy digital billboards.

Closing Price: $63.20
After Hours High: $ 64.59
Percent Increase at High: 2.20%
After Hours Most Recent Price: $ 64.49
Percent Increase at Most Recent Price: 2.04%
Sector: Services
Days to Cover: 8.5
Short %: 8.46 %
% Held by Insiders: n/a
% Held by Institutions: n/a
50 Day Moving Average: $56.98
200 Day Moving Average: $53.78
Average Price Drop for Sector: 2.8%

Too expensive for my taste.

Finally as a Christmas play, Cramer recommended Safeway Inc. (SWY) because of their gift cards.

Closing Price: $32.46
After Hours High: $ 32.75
Percent Increase at High: 0.9%
After Hours Most Recent: $32.63
Percent Increase at Most Recent Price: 0.5%
Sector: Services
Days to Cover: 3.9
Short %: 3.84 %
% Held by Insiders: 0.78 %
% Held by Institutions: 92.40 %
50 Day Moving Average: $29.87
200 Day Moving Average: $27.20
Average Price Drop for Sector: 2.8%

The stock was up $0.91 today so it seems pretty played out with the after hours price only up a small amount. Cramer said there was an analyst meeting tomorrow for the company, so this one could be driven by any news that comes out of that, so it would be safe to stay away in case there are bullish comments.

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