This column was originally published on RealMoney on March 20 at 3:43 p.m. EDT. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.
Looking for signs of any turn in tech, I find once again that there are way too few positives. But I know that there's a groundswell to re-anoint
, and I am on board.
Next week's fiber conference could be a catalyst, but there's also lots of chatter about Corning taking a hard line on glass pricing for big screens and it sticking. Plus you have to like the fact that fiber is being deployed at a blistering pace by
Tech's still an underperformer here.
can't seem to keep above $40.
( MOT) up, but only on rumors that Ed Zander is out.
keeps going higher.
trades up ahead of a good quarter so maybe that's a good sign, but just once wouldn't it be better if it were down first and then reported good news so it could go higher without the quicksand underneath?
To me, the financials and the staples are just much better bets. Can't reverse field, despite the good tone with Corning, because
the calendar just won't allow it.
You can't neglect your homework in this environment, and one thing you've got to understand besides the calendar is short interest. Larsen Kusick just wrote
a great explanation for TheStreet.com University. It's not the controlling factor in every stock, but it's always worth checking.
At the time of publication, Cramer was long Hewlett-Packard.
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