Initial feedback postclose: Bullish.
is going private and
says tech business is strong. It's important, if there can be any sort of rally, that the fundamental news take a positive bent. We have two postclose pieces of news that make you bullish on the sector that really got slammed today: personal computers. I know we winced when we saw Meredith leaving
, but smiled when he went to Dell Ventures. Dodged a bullet there.
Long day. Definitively a great day for the bears. Amazing, though, how many bears are here in my mailbox right now, dancing a jig saying that I was wrong to tell people to take money off the table; I should have told them to sell everything.
Oops, they miss the point. I'm not telling you what to do. I'm telling you what I'm doing. I took a lot off the table. A whole lot. I put a little of it to work today. Not a lot because of the margin/Robertson/Insana show problems. But you still have to buy them when you can, not when you have to. So we dipped into the kitty a tad. We did not sell everything. Period.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Dell. 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