Jim Cramer's Best Blogs

Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:

• big buyers backing tech,
• pressure from options, and
• a much-needed breather.

Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.

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The Big Boys Are Buying Tech Again
Posted at 11:04 a.m. EDT, May 11, 2009

The last thing anyone expected was for tech to come alive. As of last week, with tech soggy, it was just a question of whether it was going to sell off hard or just sell off this week.

We have our answers. People are retreating to tech.

And what do I think they will retreat to? Google (GOOG Quote), Apple (AAPL Quote), Research In Motion (RIMM Quote) and Amazon (AMZN Quote), of course. You can also go to the Citigroup upgrade of software and services for some good names.

But why not consider my spec names: Tekelec (TKLC Quote), Brocade (BRCD Quote), ON Semiconductor (ONNN Quote), Starent (STAR Quote) and Cadence Design (CDNS Quote)? These all hit or exceeded their earnings estimates. All are in the right spots and are good secondary gadget and telco and cell phone names. They are levered to next-gen technology. (For recaps of why I like these, just refer to the excellent "Mad Money" recap that goes up every night after the show.)

And none of them rallied last week, because of the big tech selloff.

Why am I so confident of tech here? Because when the Nasdaq index shrugs off the big selloff, you know the big boys are back buying after a week's break, and you might as well use last week's selloff as a good entry point if you don't have any tech or are underweighted in your portfolio.

Random musings: Ron Insana is a must-read, the inflationista piece is brilliant. ... Thousands of people are signing our petition to bring back the uptick rule. Please join the fray!

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