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Thursday, December 21, 2006

December 21st - JSDA RVBD

Cramer recommended Jones Soda Co. (JSDA) as the next Hanson (HANS)

Closing Price: $10.65
After Hours High: $ 12.69
Percent Increase at High: 19.15%
After Hours Most Recent Price: $ 12.17
Percent Increase at Most Recent Price: 14.27%
Sector: Consumer Goods
Days to Cover: 11.9
Short %: 13.50 %
% Held by Insiders: 7.30 %
% Held by Institutions: 40.60 %
50 Day Moving Average: $9.56
200 Day Moving Average: $8.87
Average Price Drop for Sector: 4.8%

As Cramer said himself, if this gets bid up to $12.50 (which it did!) that he would be shorting as many shares as possible. Hard not to be a little gun shy after today's ELOS but I think that was takeover speculation that helped fuel that fire. Not to say this won't hold momentum since it is being compared to HANS which went from $10 to $200. Based on today, I would be afraid if this stock went to $13 and over very early on in the pre-market, which is considerably higher than it was trading after hours when things calmed down. With ELOS from yesterday, the stock only hit $17 after hours, but then hit $18 and change in the pre-market.....which I am now going to say is a red flag to stay away from shorting it because there is just too much of an extra jump.
Finally Cramer looked at another "hot stock", his theme for the week and said that Riverbed Technology, Inc. (RVBD) is still a stock to own (unless you are up big in it). The stock is up after hours, but I'm not even going to give the numbers because I don't consider it a good short candidate. I watch this stock every day and it always seems to be up strong after any weakness...and there was weakness today. Just too much momentum here for my taste.

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