Tech Surges as Liquidators Lose Power

Who went bust? Who went bust and finally finished selling the techs, the Citrix (CTXS - commentary - Cramer's Take), the Rackable (RACK - commentary - Cramer's Take), the Network Appliance (NTAP - commentary - Cramer's Take), the Qualcomm (QCOM - commentary - Cramer's Take) and so many more?

I say this because these stocks have been under heavy liquidation for the better part of a month, and a lot of the selling hasn't been justified.

I think the Nazz is ripping because the liquidation is complete. I hear that the fund that went bust had about $5 billion in concentrated high-multiple tech names.

Those are what's working. The fact that the liquidation's conclusion comes at precisely the time when a lot of people were short the Nasdaq-100 Trust (QQQQ - commentary - Cramer's Take), because it looked like it was finally breaking down, has led to this tremendous rally.

Now that the selling is done, people are again looking at these stocks, and they are finding that, alas, they are cheap!

And they are no longer so beleaguering and sobering to own.

They go higher .

Random musings: Fed done -- housing rallies. Always. ... And yes, I think Apple (AAPL - commentary - Cramer's Take) is going back to old highs.

At the time of publication, Cramer was long Citrix and Qualcomm.

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