In his TheStreet.com TV video Webcast Friday, Jim Cramer said now is the time to start buying down tech stocks. According to Cramer, the hedge funds have already tried to move everything down in an attempt to extrapolate Motorola's ( MOT) fourth-quarter earnings shortfall. This is wrong, Cramer said. He cited Hewlett Packard ( HPQ), which he owns for his charitable trust
Action Alerts PLUS, as a tech stock that's currently up and Best Buy ( BB) as cause for belief in the gadget rally. Cramer said Cisco ( CSCO) won't be hit hard and Apple ( AAPL) will "crush" Motorola in 2007. This is precisely when you should take advantage of these down stocks, according to Cramer. "You're not going to get another opportunity," he said. "The quarters are all going to be great. You can sell them after they report the quarter--but not now." Cramer said the current downward progression is due to the fact that he believes many people got extremely bearish in attempt to stray from those acting bullish. This does not work, he said. With all of the money flowing out of energy, Cramer said that money needs a place to go. "Can't all go into Zimmer ( ZMH) and Pfizer ( PFE)," Cramer said. "So make the move right now. Start buying tech, start buying brokers."