Let go of the past, Jim Cramer told listeners Friday on his
Tech stalwarts such as Dell (DELL - Get Report), Cisco (CSCO - Get Report), Sun Microsystems (SUNW) and Oracle (ORCL - Get Report) have seen their best years, he said, and it's time to move on to find the next Dell, the next Cicso, the next Sun and the next Oracle.
What these stocks have in common is little to no growth, said Cramer, and growth is what Wall Street likes. So, waiting for a better time to sell means capital is being tied up when it could be redeployed elsewhere. There are so many stocks that are better, said Cramer. "It makes no sense to hold them."
If you have to, sell small amounts over time, he said, until the positions are gone. You can always buy them back if something changes, he said.Cramer likes Intel (INTC - Get Report) and Microsoft (MSFT - Get Report) better than Dell. Broadcom (BRCM - Get Report) is better than Cisco, he said. Cramer would rather own SAP (SAP - Get Report) or Microsoft than Oracle. As for Sun Microsystems, that "sector is dead," he said.