Moving away from the Net toward the

Microsofts

(MSFT) - Get Report

and the

Intels

(INTC) - Get Report

. That's what we see happening. We think we could get a Net

TST Recommends

whoosh but we aren't tempted. Too much margin money. Those could be nifty buys in the late afternoon after the margin reaper takes his toll. Remember, I am hearing from all of these margin guys and they are telling me I am spot-on in my focus.

We are looking at things that opened up big and then caused massive heartache. Take

Nortel

(NT)

. Here is a stock that ran up four for some reason. Now it is down. We like that. It is a classic bad opening that makes everybody feel like they stepped on the Gravitron or the Zipper.

I have to think like my wife (who, by the way, laughs hysterically when she is on the Gravitron, particularly when she sees that I am about to puke) on these days. I have to buy the Gravitron'd sellers of old tech.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Intel, Nortel and Microsoft. 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

jjcletters@thestreet.com.