March 2nd - CLHB AW

After a segment on how to game plan, Cramer spoke about waste and recommended buying Clean Harbors Inc. (CLHB) and Allied Waste Industries Inc. (AW)

CLHB
Closing Price: $49.31
After Hours High: $ 50.92
Percent Increase at High: 3.27%
After Hours Most Recent Price: $ 49.31
Percent Increase at Most Recent Price: 0.00%
Sector: Industrial Goods
Days to Cover: 5.5
Short %: 9.39 %
% Held by Insiders: %
% Held by Institutions: %
50 Day Moving Average: $50.90
200 Day Moving Average: $43.26
Average Price Drop for Sector: 3.2%



Only 2400 shares traded after hours and the last trades (according to NASDAQ after hours site) shows trades at the closing price. The chart doesn't look like it will help much if the price does go up on Monday. The price, even at the after hours high is below the middle band (20 day moving average) and the stock has been hugging the bottom band during the market weakness. If there is a spike Monday I would look for something above the bottom band of $49.85 and expect it to come back down to at least the bottom band if the market continues to show weakness. The question is though....what is the overall market going to do Monday morning?

AW
Closing Price: $12.31
After Hours High: $ 12.61
Percent Increase at High: 2.44%
After Hours Most Recent Price: $ 12.55
Percent Increase at Most Recent Price: 1.95%
Sector: Industrial Goods
Days to Cover: 5.6
Short %: 5.30 %
% Held by Insiders: 0.75 %
% Held by Institutions: 75.10 %
50 Day Moving Average: $12.66
200 Day Moving Average: $11.72
Average Price Drop for Sector: 3.2%


Ok, this isn't a good sign. Only 1500 shares traded after hours on a "cheap" Cramer pick. This shows that people are scared of the market right now, because I highly doubt it has anything to do with Cramer telling people to do their homework over the weekend, because if the market were in better shape right now I'm sure people would have paid this stock up even more. The "boring" comment may have had an impact, but 1500 shares is still incredibly small. The stock has been down during the week dropping from near the top band to the bottom. After hours didn't take the stock up to the middle band, but that could represent the high on Monday ($12.77) assuming it goes that high. Again, assuming the market stays bearish it would not be surprising to see the stock continue to fall again back towards $12.21 which is the lower band.