The tell at
was when Bill Griffeth took "Power Lunch" to Austin and
Michael Dell didn't come on the show. Is there a bigger business exec in Texas than Dell? And could it have been more obvious that he wasn't there.
Of course, if I were so smart (I can hear my wife saying in the background), why wasn't I short the darn thing?
Dell: Join the discussion on our
Anyway, this preannouncement, coupled with the fact that my Dell's in the shop in Texas -- motherboard problems -- should probably make me want to shy away from this stock when it opens tomorrow.
But call me a contrarian. I think a lot of people expected Dell to blow up. Dell is a terrific company with a terrific product. With many people short the stock, if the conference call goes well, I want to go the other way. I will look to buy it.
Tech has been heavy and horrible of late, as if something terrible lurked in the midst. Now, when faced with the horror, I say that I have seen the movie before. It ain't so scary. I particularly want to buy the beaten up telecom names that have been tried and found guilty of being associated with Dell's shortfall.
Welcome to the
and a belated welcome to
. We're getting some of the best names on the Web to write for us these days. It's darned exciting.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stocks mentioned. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at