Publish date:

Time to Redeploy

Cramer's standing in the rainstorm and opening his tech umbrella.
Author:

So far so good. Now we are getting the whoosh down rain storm with no George Clooney to save you from drowning. (My fave ER episode.)

We are now redeploying the capital into the best names in tech. Right here, into the pain of the failed opening, which is classic and right.

Remember, margined players will get whacked if it doesn't turn here, so there is no reason to commit a huge amount, but how can we not buy the

Oracle

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after that great quarter? How can we not use the sell-off to get into the good ones?

We are letting the panic work for us.

It is in abundance.

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