December 5th - BSX JNJ TBL

Cramer started out betting that Boston Scientific Corp. (BSX) and Johnson & Johnson (JNJ) will go up after it is determined that "stents" used in heart operations will not be stopped from use. Cramer said BSX is the riskier of the two because it will be effected more if the news is bad. JNJ which is more diversified is the safer play. Cramer gave these two options as way to give different investment styles the choice that fits them best.

BSX
Closing Price: $16.56
After Hours High: $17.00
Percent Increase at High: 2.66%
After Hours Most Recent Price: $16.72
Percent Increase at Most Recent Price: 0.97%
Sector: Healthcare
Days to Cover: 2.2
Short %: 2.54 %
% Held by Insiders: 19.44 %
% Held by Institutions: 65.30 %
50 Day Moving Average: $15.68
200 Day Moving Average: $18.65

The stock was up today already, so the market might be making the guess that the FDA will not stop the use of these drug coated stents. Cramer has also suggested buying call options on the stock, which is something I have never heard him mention. Cramer said the news should come out on Thursday or Friday, so I would certainly stay away from a short here since the possible goods news could easily hold up the price. Not to mention the after hours price was nothing fantastic. I can only assume that the number of times he said "risky" have made people stay away.

JNJ
Closing Price: $66.17
Sector: Healthcare
Days to Cover: 1.8
Short %: 0.57 %
% Held by Insiders: 0.04 %
% Held by Institutions: 65.60 %
50 Day Moving Average: $66.44
200 Day Moving Average: $62.21

JNJ on the other hand is just too expensive here for shorting regardless of good/bad news about stents.

Finally Cramer said Timberland Co. (TBL) was a buy as a takeover play, and is still a buy even if they aren't taken over.

Closing Price: $31.83
After Hours High: $32.91
Percent Increase at High: 3.39%
After Hours Most Recent Price: $32.75
Percent Increase at Most Recent Price: 2.89%
Sector: Consumer Goods
Days to Cover: 7.0
Short %: 7.17 %
% Held by Insiders: 27.14 %
% Held by Institutions: 72.80 %
50 Day Moving Average: $29.89
200 Day Moving Average: $29.73
Average Price Drop for Sector: 4.8%

Pretty decent run up after hours which I'm sure must be due to the buy out talk. I'm sure its no secret that the company has put itself up for sale and since Cramer certainly hinted at a possible buyer last week. I don't think there is much reason to think that this one will take off much higher tomorrow unless they are actually bought. So shorting this one certainly runs the risk of being short during a buyout which would very bad so it probably isn't worth the risk, even for a trade that could be only a few minutes. $33 could likely be the top tomorrow with no buyout happening (and if a buyout did happen tomorrow, I would certainly question Cramer's timing of this call!).