Updated from 7:05 a.m. EDT

According to Jim Cramer, there are still some technology stocks worth investing in, including Hewlett-Packard ( HPQ), which he thinks is not too late to buy.

Since technology companies have taken such a beating in the market, it's likely that there are also some short-squeeze opportunities to take advantage of.

The short-squeeze play is a technique that stock traders utilize to generate huge profits in a short period of time. After several days of market drops, heavily shorted stocks could surge on any positive catalyst, especially as short-sellers scramble to cover their bearish positions.

Short positions of stocks are measured by the short-squeeze ratio, which represents the number of days it would take for the short-sellers to cover their positions based on the recent daily volume of the stock.

Stockpickr has reviewed all the technology stocks and developed a list of the Top Technology Short-Squeeze Plays, including Open Text ( OTEX) and Cree ( CREE).

To read more, visit Stockpickr.com.
Stockpickr is a wholly owned subsidiary of TheStreet.com.

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