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TheStreet.com TV Recap: Dismount Tech Horsemen

Cramer's putting Amazon out to pasture and reining in his other tech favorites.

Four horsemen of tech no more, Jim Cramer said on TheStreet.com TV's Wall Street Confidential Web video Wednesday. "I am done with

Amazon

(AMZN) - Get Report

."

As long as the stock's gross margins were going up, Cramer liked Amazon, but now that they have contracted, he said he is declaring victory in the stock. "That's a win," Cramer said. "Just take it off the table."

Moreover,

Apple

(AAPL) - Get Report

and

Research In Motion

(RIMM)

have both "far exceeded" his price and earnings to growth rate, Cramer said.

In the case of RIMM, he said he is up more than 100%. "Sell all of your capital

there and let the rest run," he said. "The idea of committing new money to RIMM right here, I just can't go with it."

Cramer said he can't commit new money to Apple either. "I really like Apple, but I am in a subtract mode for Apple," he said. "Same thing as with RIMM, take out all of your invested capital in Apple and let the rest run."

This, however, does not mean that Cramer believes RIMM or Apple are not going to run anymore, he clarified. "If I didn't think they weren't going to run anymore, I would tell you to sell everything like I did Amazon."

TST Recommends

Cramer said he would sell half of RIMM and Apple. "If you bought 500 shares of Apple on my recommendation, sell 250," he said. "Then wait four weeks and sell another 100, I don't care where it is.

"Ultimately I want to get you down to where you have one fourth of your position for Research in Motion and Apple," Cramer explained. "Only one-fourth because at one-fourth they could go to zero and you wouldn't mind."

The only one he said he's holding and would commit new money to is

Google

(GOOG) - Get Report

.

At this point, people who didn't get into Apple, Research In Motion or Amazon have missed these stories, but what people haven't missed is Google. "One of the things I've learned in my career is that when you nail stocks, you declare victory," Cramer said. "I'm declaring victory in everything except Google."

Bye Bye Horsemen

At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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