Pulled Back Into Tech

Cramer just can't stay away from the sector in this upgrade lovefest.
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Another county heard from. My trading desk wants to play in tech. The mammoth Dell (DELL) - Get Report upgrades have forced us to start a small Dell position. I am out there buying the banks and other stuff -- get this, the drugs -- ahead of what I think simply will be a bash-tobacco-not-drugs State of the Union address. Fannie Mae, how do you do? Haven't seen you in years.

Join the discussion on

TSC

Message Boards. But the traders want some

Cisco

(CSCO) - Get Report

and some

Hewlett-Packard

(HWP)

now. We are building

Nokia

(NOK) - Get Report

back. Oh, heck, next we are probably going to buy

EMC

(EMC)

. Even as I write, our Dell position is growing. Everybody is so happy that Dell has finally lowered the bar that we are getting an upgrade lovefest.

Oh no, Jeff, say it ain't so.

Even Berko wants to buy Dell.

Every time I try to stay away from tech, it pulls me right back in.

Random musings:

Oh my!! Bank error in our favor. We weren't able to sell all of our

Conexant

(CNXT) - Get Report

last night. We are still long a little bit!! I was a good boy -- I went to Dinosaur night at my daughter's kindergarten class and didn't think about the Conexant miss (

added to the

S&P

and all).

And we got rewarded.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Dell, Nokia, Hewlett-Packard, Fannie Mae and Conexant. 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.