March 29th - GOL RL SKS

Cramer recommended a Brazilian airline GOL Linhas Areas Inteligentes S.A. (GOL)

Closing Price: $29.88
After Hours High and Most Recent: $30.83
Percent Increase at High: 3.2%
Sector: Services
Days to Cover: 4.2
Short %: %
% Held by Insiders: %
% Held by Institutions: 53.60 %
50 Day Moving Average: $29.17
200 Day Moving Average: $31.20


The stock was up big today after they announced they are taking over one of their rivals, as Cramer mentioned. Cramer also said that he still recommends buying it to catch the momentum as the stock is on its way to $40. The takeover news changes the volatility of the stock and I think is going to throw the bollinger bands out the window for now since the stock is well above the top band even before Cramer mentioned it, and now the stock is about a dollar higher. Since this is more of a news driven spike vs. a Cramer spike I don't think it is a good idea to apply the Cramer shorting strategy here.

Finally Cramer continued his benefit of the doubt segment and recommended Polo Ralph Lauren Corp. (RL) and Saks Inc. (SKS). Both are up slightly after hours on very low volume. RL is in the $80's and SKS in the low $20's so if it actually gets some volume and price increase it might be worth looking at, but this segment hasn't really been producing any good plays in my opinion.