April 12th - NLY SPP

Cramer recommended Annaly Capital Management, Inc. (NLY) as a play on the sub-prime crisis.

Closing Price: $15.55
After Hours High: $ 16.37
Percent Increase at High: 5.27%
After Hours Most Recent Price: $ 16.25
Percent Increase at Most Recent Price: 4.50%
Sector: Financial
Days to Cover: 3.1
Short %: 4.86 %
% Held by Insiders: 0.29 %
% Held by Institutions: 73.10 %
50 Day Moving Average: $14.19
200 Day Moving Average: $13.43

The after hours action has taken the stock to the top band on the chart after the stock had retreated from that level in the previous trading days as it was showing overbought signs then. Above $16.30 (the top band) could represent a good short point for a quick drop in the morning where $16 could be a psychological floor price in early trading.

Finally Cramer recommended Sappi Ltd. (SPP)

Closing Price: $16.79
After Hours High: $ 17.38
Percent Increase at High: 3.51%
After Hours Most Recent Price: $ 17.16
Percent Increase at Most Recent Price: 2.20%
Sector: Consumer Goods
Days to Cover: 6.6
Short %: 2.42 %
% Held by Insiders: %
% Held by Institutions: 7.80 %
50 Day Moving Average: $14.62
200 Day Moving Average: $14.14


Thinly traded stock that has passed its 52-week high with this after hours action (although they won't count it as a new 52-week high). The after hours high came close to the top band at $17.40 but the more recent price is below it now by around 25-cents. Again the stock has an RSI close to 70 which can indicate being overbought and the MACD was converging to the downside as the stock looks like it is trying to hold its gains from a run from the $13 level. Ideally a short over $17.40 would be best for a quick drop and $17-even could be a downside number to watch similarly to NLY.