Hi thcqci,
Oddly enough, this is a pretty good link to a newsletter from the Precast/Pressed Concrete Institute:
http://www.pci.org/pdf/cert_newsletters/dec02.pdf
If you scroll down to page 5 and 6, it has good article about the storage of low hydrogen electrodes, and how moisture impairs the weld quality by causing internal/external porosity, underbead cracking, hydrogen cracking, and delayed cracking.
This is a link to the Lincoln website: http://www.lincolnelectric.com/knowledge/articles/content/storing.asp
It briefly mentions hydrogen induced cracking due to improperly stored electrodes.
I just want to add that in addition to laying a bead, a "good" welder takes responsiblity for so many other things, such as inspecting the rods prior to use to ensure the coating is intact and shows no indications of damage, and to protect the rods while they are in their possession. After removing from the oven, a welder should carry the rods in some sort of closed container or closed pouch and not in their pockets, because exposure to perspiration or other body moisture will cause the rod coating to absorb moisture. How many times do we see welders walking around with rods in their back pockets? There are a lot of guys out there calling themselves welders, but as we all know, there's a lot more to it than just running a bead.