Recent action suggests we might be seeing a respite in the tech selling spurt, Jim Cramer said on TheStreet.com TV's Wall St. Confidential video Wednesday.
But don't get your hopes up.
"We're in a glass-half-full mode in tech because the shorts pressed their bets so greatly off of expiration last week," Cramer said. "We were confounded by the work off of the options hangover which then positioned tech to be too low and ready for a trade -- just a trade, but a trade is worth grabbing."
Actually, it's "very telling" that Yahoo! (YHOO), in particular, is up because when listening through the Internet company's conference call people will realize that the company really doesn't have a clue of what it's doing, he told Aaron Task, the host of Wall St. Confidential.The move by Yahoo!, which Cramer owns for his charitable trust,