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.

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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) - Get Report

,

Apple

(AAPL) - Get Report

,

Research In Motion

( RIMM) and

Amazon

(AMZN) - Get Report

, 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),

Brocade

(BRCD)

,

ON Semiconductor

(ONNN)

,

Starent

(STAR) - Get Report

and

Cadence Design

(CDNS) - Get Report

? 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.

It's Options, People

Posted at 2:39 p.m. EDT, May 12, 2009

I don't know a soul who thinks the market can do anything but get hammered here. I also don't know a soul who thinks that any of this selling is related to options even though it is options expiration and you get a lot of downward pressure one or two days

every expiration

.

I also think that we have reached some important downward levels, downward strikes for the big stocks, and that many could be higher later, including

Chevron

(CVX) - Get Report

($70),

Coca-Cola

(KO) - Get Report

($45),

Johnson & Johnson

(JNJ) - Get Report

($55),

Pfizer

(PFE) - Get Report

($15),

Apple

(AAPL) - Get Report

($125),

Oil Services HOLDRs

(OIH) - Get Report

($100) and many others like this. (A weak dollar is helping these, by the way.)

I also think that

Bank of New York

(BK) - Get Report

and

Anadarko

(APC) - Get Report

have shrugged off the sellers and can now rally, a la

U.S. Steel

(X) - Get Report

.

Wells Fargo's

(WFC) - Get Report

stabilized too. In fact, I think Doug's call to cover might be the bottom for the day.

Just worth pointing out that many of my downside targets have been reached and we could be at levels that hold, something nobody seems to think possible.

At the time of publication, Cramer was long Wells Fargo and Chevron.

Buyers Get the Shaft

Posted at 9:38 a.m. EDT, May 14, 2009

Hubris:

Nordic American

(NAT) - Get Report

doing an "opportunistic" deal to buy more ships. It's just that what's "opportunistic" is the way it's bagging shareholders who believed and paid in the mid-$30s for stock.

Hubris:

Fortress Investment Group

(FIG)

doing a deal here, pimping the short squeeze up and not providing any value at all. Is

Blackstone

(BX) - Get Report

next?

Hubris:

MGM

(MGM) - Get Report

-- if we had known it was that dire, would we have ever taken it up to where it went? The disclosure is so suspect.

Sometimes the buyers have to stand up to the syndicate desks and go on strike. Sometimes they have to do what they did to

Ford

(F) - Get Report

and say, "No, not here," which is what actually happened.

We have a ton of patsy buyers here and they don't seem to recognize that they are fodder for managements that are either desperate or so opportunistic as to trash those who stick with them.

I don't like this. You shouldn't either.

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

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