free counter statistics

Tuesday, December 19, 2006

December 19th - INWK PAY

Cramer recommended another "hot stock" in InnerWorkings Inc (INWK). He said this one, although up from its IPO is still a buy. He said the IPO freeze is over in February and that 70% of the shares are locked up by that, so you should trade around that date. He also said the stock has low analyst coverage and is only covered by analysts who were in on the IPO, so he expects the next analyst to pick it up will come in with a buy rating.

Closing Price: $16.77
After Hours Most Recent: $17.56
Percent Increase at Most Recent Price: 4.7%
Sector: Services
Days to Cover: 1.2
Short %: %
% Held by Insiders: %
% Held by Institutions: 23.80 %

With 70% held by insiders, which are frozen, and 24% held by institutions, that doesn't leave much for everyone else. Low average volume and probably a tight float could result in a nice pop and drop tomorrow. Again, I look for the spike tomorrow morning to be above current after hours prices and could see this coming close to the $18 level.

Next Cramer recommended VeriFone Holdings Inc. (PAY)

Closing Price: $36.00
After Hours Most Recent Price: $36.84
Percent Increase at Most Recent Price: 2.3%
Sector: Consumer Goods
Days to Cover: 3.9
Short %: 3.31 %
% Held by Insiders: %
% Held by Institutions: %
50 Day Moving Average: $31.57
200 Day Moving Average: $29.09
Average Price Drop for Sector: 4.8%

A pricier stock, but just below the maximum price level that works for shorting Cramer's picks. Again, $37 is likely to come into play, but since we are so close to it now, it could go above it and then trade close to it.

Comments on "December 19th - INWK PAY"

 

post a comment