Updated from 7:05 a.m. EDT
According to Jim Cramer, there are still some technology stocks worth investing in, including Hewlett-Packard(HPQ Quote), which he thinks is not too late to buy. Since technology companies have taken such a beating in the market, it's likely that there are also some short-squeeze opportunities to take advantage of. The short-squeeze play is a technique that stock traders utilize to generate huge profits in a short period of time. After several days of market drops, heavily shorted stocks could surge on any positive catalyst, especially as short-sellers scramble to cover their bearish positions. Short positions of stocks are measured by the short-squeeze ratio, which represents the number of days it would take for the short-sellers to cover their positions based on the recent daily volume of the stock. Stockpickr has reviewed all the technology stocks and developed a list of the Top Technology Short-Squeeze Plays, including Open Text(OTEX Quote) and Cree(CREE Quote). To read more, visit Stockpickr.com.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,270.47 | 1,093.48 | 2,167.88 | 34.29 |
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