December 18th - OMTR GMKT

Cramer looked a hot stock to see if it is still worth owning. The stock was Omniture Inc. (OMTR)

Closing Price: $13.79
After Hours High: $14.65
Percent Increase at High: 6.2%
After Hours Most Recent: $14.25
Percent Increase at Most Recent Price: 3.3%
Sector: Technology
Days to Cover: 4.3
Short %: 4.13 %
% Held by Insiders: 43.20 %
% Held by Institutions: 34.70 %

Cramer said this one should not be bought until after December 26th because that is when the IPO frozen shares can start trading, and since the stock has run up, a lot of holders will likely sell, thus brining down the stock. This of course brought the stock down after hours and kept it in the red for the day. Although the stock is up after hours, I'm not sure if this will see any sort of spike tomorrow morning because really there is no reason to buy tomorrow, but people are still buying it after hours...goes to show that people must not even listen to what Cramer is saying besides the name of the stock.

Next Cramer recommended Gmarket Inc. (GMKT) as the Korean version of Ebay.

Closing Price: $20.48
After Hours Most Recent: $22.66
Percent Increase at Most Recent Price: 10.6%
Sector: Technology
Days to Cover: 2.0
Short %: 6.49 %
% Held by Insiders: 1.23 %
% Held by Institutions: 23.00 %

Up huge after hours and holding. Cramer is saying the IPO share lock up will be up on Wednesday which will put downward pressure on the stock (but he said most probably won't sell). A risky short because any dip after the open bell spike could be very short lived. I might kick myself, but its not one I want to touch to be honest.