February 1st - SBUX

Cramer started out by saying Starbucks Corp. (SBUX) had good numbers but the street wanted even better. Cramer had the founder and chairman of SBUX on. And although Cramer said he thinks it can still be bought, he asked some tough questions and said he didn't like some of the things that were going on and that he even lowered his earnings expectations for the company on "his model".

Closing Price: $34.41
Sector: Services
Days to Cover: 4.1
Short %: 3.25 %
% Held by Insiders: 2.18 %
% Held by Institutions: 69.10 %
50 Day Moving Average: $36.07
200 Day Moving Average: $35.47
Average Price Drop for Sector: 2.8%

I'm not going to report the after hours numbers because there was only some slight movement as people guessed it was SBUX that was going to be mentioned, but after Cramer sat on the fence and said this was a longer term story the stock went no where. The stock is going lower after hours because of it, and some may see this as a shorting opportunity but that's not my game for this stock. Since SBUX really isn't a small speculative pick that Cramer hasn't recommended recently, there aren't necessarily many Cramer holders in the stock who will jump ship. Also, being such a well known stock, many people, who don't watch Cramer, could come in and buy what they think is a bargain if the stock is down a bit more.

Next Cramer had another education segment about finding a metric to help value restaurant stocks because he said same store sales just don't cut it. No stocks picked here to watch.

Finally Cramer is going to do his Sell Block. I normally skip commenting on this segment because I have never really considered shorting a sell recommendation, but think there may be something to watch. From the sidelines for now, I would be curious to see if he says to sell any speculative picks of his with high p/e's since I think these could have the most prolonged sell off. I'll add to my post if anything like that comes up.

Sell Block
BSX
LAUR - buyout offer, so downside is unlikely unless deal falls through.
MMM
SWHC

So BSX and SWHC would be the ones to watch for a decline since BSX has no earnings and possible legal problems, and SWHC has had a double, but neither give me the impression they will drop like DIVX or JSDA. I'll watch and see.