Update - SKS PETM
SKS
Pre-Market High: $ 18.49
Pre-Market Low: $ 17.68
Pre-Market Close: $ 18.23
Pre-Market Volume: 65,400
Last Nights Price: $18.26
Regular Hours Open: $18.19
Initial Spike Price: $18.28
Time of Spike: 9:32am
Initial Drop in Price from Initial Spike: down $0.23 (-1.3) to $18.05
Time of Initial Drop: 10.07am
High for the Day: $18.45
Low for the Day: $18.05
End of Day Closing Price: $18.41, up $0.73
PETM
Pre-Market High: $ 30.95
Pre-Market Low: $ 30.66
Pre-Market Close: $ 30.94
Pre-Market Volume: 9,637
Last Nights Price: $30.75
Regular Hours Open: $30.95
Initial Spike Price: $31.25
Time of Spike: 9:45am
Initial Drop in Price from Initial Spike: down $0.25 (-0.8%)** to $31.00
Time of Initial Drop: 10:45
High for the Day: $31.59
Low for the Day: $30.84
End of Day Closing Price: $31.36, up $1.14
** - Not a great one with PETM today. The high was not found at 9:30 as usual, even though the price did approach $31 at the open. The stock continued to climb with very few rests. The bullish signs noted last night may have been a clue to this strength today.
posted by CramerTracker @ 1/11/2007
2 comments
Comments on "Update - SKS PETM"
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Anonymous said ... (January 11, 2007 4:57 PM) :
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CramerTracker said ... (January 11, 2007 5:43 PM) :
post a commentI'm assuming that I'm not the only one who's thought of this, but I was wondering if anyone has noticed if the Friday Cramer show is the best time to short after hours. Does the weekend have any effect on memory?
BTW I removed my Bookmark for Shortsqueeze.com and am now using the link provided in this page.
Think there's any chance of PETM moving down within the next few days or not? I'm stuck with it for the night.
You may get the loss of memory over the weekend, or it may give diligent investors a chance to do some actual homework and they may like what they see and have an itchy trigger finger to buy all weekend. I haven't really looked at the numbers though to compare the friday after hours vs. the Monday open, but it should be pretty easy to accomplish...maybe I can find some time and do a post on it.
As for PETM. You could put a stop loss on it just in case it takes off. There have been 3 pretty big up days in a row for the stock, so a pull back isn't out of the question. Assuming you are short at 31.30 as you mentioned previously, I don't think I need to say that looking to break even is probably a safe idea. And sometimes you may have to take a loss and avoid turning a trade into an investment. The good sign is that the stock isn't trading up (or at all) after hours, and the bid is below the closing price. The market cooled off this afternoon after a strong start, so for your sake hopefully there is a week open that could let you cover.