This column was originally published on RealMoney on June 15 at 12:11 p.m. EDT. It's being republished as a bonus for TheStreet.com readers.

Let's talk about

Network Appliance

(NTAP) - Get Report

and the power of negative thinking. Three weeks ago, Network Appliance reported earnings. The brutal

Nasdaq

selloff had already started. The stock was trading around $34. The company reported a stellar quarter and then increased guidance.

The stock immediately plummeted, which then produced a plethora of stories about how Network Appliance had missed the quarter, guided less than expected or somehow botched its execution.

Those stories were all false. They were written to give a reason for the downturn when the only reason was that we were in a sell-sell-sell period, meaning that no matter what a company said, if it was on the Nazz, the stock was going down.

I own the stock for

Action Alerts PLUS and was mortified by the decline. Worse, I could do nothing because my trading restrictions had been triggered when someone asked me about it in one of my venues not long before the plunge.

At the time, I told Action Alerts PLUS subscribers that there was nothing wrong and it seemed like a great buying opportunity. I could tell that the market dismissed my thinking, I believe because the press, abetted by the decline, "confirmed" the so-called disappointing quarter.

Now the stock is above where it was when it reported.

I suspect that many companies that reported so-called disappointing quarters or had "problems," like

Qualcomm

(QCOM) - Get Report

, for instance, or even like a

Conexant

(CNXT) - Get Report

, can now ramp.

The reason I suggest all this is because we have seen this pattern time and time again. At my old hedge fund I called it "sell mode," as in "every news event, everything that happens, is going to be sold." I used to compile a list of all the stocks that were getting treated like Network Appliance just did, and then, when sell mode ended -- usually because of the technical factors I am describing -- you had to be nimble and buy the Network Appliances because you remembered the truth.

Now, Network Appliance, because it actually delivered a great quarter, can fulfill its promise.

Who else is in this position? What companies are doing well but got pummeled when the market was bad?

How about

Citrix

(CTXS) - Get Report

, which I think will have the strongest quarter of all the tech stocks I follow? That one's ramping today, but it is down so big from where this selloff started that I think it is nowhere near done going up. I own it, I have defended it all the way down and now it is Citrix's turn.

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At the time of publication, Cramer was long Network Appliance, Qualcomm and Citrix Systems.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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