Cramer's TheStreet.com TV

Try Jim Cramer's Action Alerts PLUS
CLICK HERE NOW

TheStreet.com TV Recap: Tech Signs

01/24/07 - 02:33 PM EST

TheStreet.com Staff

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, Action Alerts PLUS, should cause a perception among the hedge funds that the stock will go up whether it is good or bad, which will get the shorts to switch directions, Cramer said, adding that Google GOOG is also running off of Yahoo!.

Regarding Sun Microsystems SUNW, another company that's going up despite its recent report, besides some margin expansion there is nothing really great going on at the company, he said.

Cramer said AT&T T is one of the most interesting stories coming out of the tech period. He said that from its call, it was clear to him that the company could use Apple's AAPL iPhone to get customers from Verizon Wireless VZ by giving away its service for a year and a half to those customers who buy the phone.

Previous «
1 2
As originally published, this story contained an error. Please see Corrections and Clarifications.

At the time of publication, Cramer was long Yahoo! and Union Pacific.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.


Cramer's TheStreet.com TV


01/23/07
TheStreet.com TV Recap: Tech Exhales

Also, the homebuilder shorts get throttled.


01/22/07
TheStreet.com TV Recap: Tech Relief

Check out the consumer-products stocks.


01/19/07
Wall St. Confidential: Tech Trouble

Reasons to stay away from tech.



05/19/08
Cramer on Top Searched Stocks: Yahoo!

Yahoo! is among the most searched stocks on TheStreet.com. Here's what Cramer had to say about the stock recently.


05/17/08
Jim Cramer's Best Blogs

Catch up on his thinking on the hottest topics of the past week.


04/26/08
Coming Week: Make or Break

Investors will have to deal with a Fed meeting and another flood of earnings and economic data.


05/19/08
Top Rocket Stocks: Ensco

Ensco International and Echelon have the potential to move higher in coming days.


04/28/08
Monday's Analysts' Upgrades, Downgrades

See who made what calls.


05/19/08
Telecom Giants See a Savior in Video

The addition of video is helping telecom companies compete against cable and satellite companies.


05/19/08
Contract Expiration Tempers Oil's Rise

The June West Texas Intermediate contract reflects selling pressure ahead of Tuesday's expiration. But stocks in the sector are generally trading higher.


05/19/08
Analysts' Upgrades, Downgrades: Amazon

See who made what calls.


Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Sign up for our FREE newsletters now.

Keep on top of the market and the critical information you need to make more profitable investing decisions.

  • Cramer's Daily Booyah!
  • Before the Bell

Privacy Policy

See All Free Newsletters

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer’s latest picks now!