Instead it is like what used to happen when Nokia (NOK - commentary - Trade Now) reported a weak quarter and everything related to cell phones came down until we realized that Nokia made too many dumb phones and not enough smart ones.

But when you are down multiple days, when you are now oversold, when you are near the end of an important month for hedge funds and fiscal year for mutual funds, maybe something other than an "SAP says things are bad in software, let's sell all tech" attitude should be warranted.

Remember, up openings get faded. Best advice I could give yesterday.

Down openings?

Intriguing.

Random musings: Good call by Doug that the targets of the next phase of the Galleon investigation are those in Silicon Valley. I still want to remind people that everything I have heard that happened here is in total violation of the way I know every hedge fund understood Reg FD to work. But it never gets mentioned.

At the time of publication, Cramer had no positions in the stocks mentioned.

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