Aaron Task welcomed William Gabrielski, research analyst at

TheStreet.com

and co-author of the

Breakout Stocks

and

Stocks Under Ten

newsletters, to Jim Cramer's

"RealMoney" radio show Tuesday. Task, co-executive editor of

TheStreet.com

, is filling in for Cramer this week.

Task asked Gabrielski how he was dealing with the current market environment.

It hasn't been easy, Gabrielski said. In general, the key to speculating is finding companies that are profitable, because then you have a downside valuation target. Investors can then value the company on something, he said.

For example

Sirius Satellite Radio

(SIRI) - Get Report

is not profitable, Gabrielski said.

"So subscriber growth is not a good valuation model?" Task asked.

It's a good data point in an up market, but you have to adjust your strategy in a sour market, Gabrielski said.

Regarding the notion that momentum might shift to the bigger-cap stocks as the

Fed

tightens interest rates, Task asked Gabrielski if he was concerned about a shift.

Although the shift hasn't occurred yet, people have been seeing the shift starting, Gabrielski said. But when you make that argument of a shift, you are talking about relative performance, he said.

"It really comes down to stock selection," Gabrielski said, adding that he believes that one can outperform the market by changing strategies and not following any strict guidelines.

When Task asked about

Palm

( PALM), which reports its numbers Thursday, Gabrielski said he is optimistic about the company.

It opened strong today, Gabrielski said, adding that he is confident that Palm's market share will remain steady.

Although there has been a lot of bearish talk about the company, it hasn't shown up in Palm's numbers, he said. Gabrielski believes that the company will report some of the best guidance that the market has seen for its August quarter and for 2007.

However, Task, referencing the June 9 show, said that summer is generally not a good time to invest in tech stocks, according to Cramer.

When people look at the market, they think of technology. But technology stocks are news-driven stocks, Cramer had said.

He had urged his listeners to sell technology before the summer as new tech products do not come out in the summer.

"The semiconductor industry is the single worst place to be right now," he had said. "Every summer I have been in this business the technology industry has been down, so why should it be any different now?"

PC sales are down, and inventory in this sector is piling up, Cramer had said. The only stock Cramer had said he liked in the sector was

Apple Computer

(AAPL) - Get Report

.

Otherwise, Cramer had advised listeners to sell technology stocks every time there is a rally in the sector.

When Task asked Gabrielski if he is concerned about getting into tech stocks now, Gabrielski responded that although he agrees with Cramer about not investing in tech stocks with a short-term horizon, he believes that companies such as

Broadcom

(BRCM)

and

Advanced Micro Devices

(AMD) - Get Report

are tech companies with amazing stories that people should be going into.

Gabrielski said

Zoltek Companies

(ZOLT)

and Palm are his best pure-play recommendations.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.

Aaron L. Task is the co-executive editor of TheStreet.com. In keeping with TSC's editorial policy, he doesn't own or short individual stocks, although he owns stock in TheStreet.com. He also doesn't invest in hedge funds or other private investment partnerships.

Click here

to send him an email.