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Friday, December 08, 2006

December 8th - AGU MOS GSOL

Cramer's first recommendations were ethanol stocks as a play on the '08 election.
The two stocks were Agrium Inc. (AGU) and Mosaic Co. (MOS)

AGU
Closing Price: $31.33
After Hours High: $ 32.28
Percent Increase at High: 3.0%
After Hours Most Recent Price: $32.15
Percent Increase at Most Recent Price: 2.6%
Sector: Basic Materials
Days to Cover: 2.3
Short %: 1.76 %
% Held by Insiders: 0.40 %
% Held by Institutions: 65.60 %
50 Day Moving Average: $28.34
200 Day Moving Average: $25.32
Average Price Drop for Sector: 5.5%

MOS
Closing Price: $22.28
After Hours High: $23.28
Percent Increase at High: 4.5%
After Hours Most Recent Price: $23.25
Percent Increase at Most Recent Price: 4.2%
Sector: Basic Materials
Days to Cover: 7.8
Short %: 10.12 %
% Held by Insiders: 66.94 %
% Held by Institutions: 32.60 %
50 Day Moving Average: $18.70
200 Day Moving Average: $16.25
Average Price Drop for Sector: 5.5%

Based on price and AH increase, MOS has more potential since it is cheaper and went up more. The elections are a few years away, so a spike on a recommendation for selling into the 08 elections seems a bit strange doesn't it? If this is anything like recent picks, I would look to see the stock open Monday morning ABOVE the after hours high from tonight, so setting a short order above that price of $23.28, maybe 30 cents higher or so, or closer to $24 (just a few examples) and see if it gets filled....it may not, but it seems to be a recent trend.

Finally Cramer recommended Global Sources Ltd. (GSOL)

Closing Price: $14.00
After Hours High: $15.98
Percent Increase at High: 14.1%
After Hours Most Recent Price: $15.59
Percent Increase at Most Recent Price: 11.4%
Sector: Technology
Days to Cover: 0.3
Short %: 0.11 %
% Held by Insiders: 62.82 %
% Held by Institutions: 6.00 %
50 Day Moving Average: $11.91
200 Day Moving Average: $10.81
Average Price Drop for Sector: 4.3%

VERY low volume stock with an average of 30,000 shares a day. The after hours volume has already more than doubled the volume from today. Seems like a pretty obvious short around the $16 level, but I would be worried if the stock broke that price level Monday morning. These low volume picks can become very wild.

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