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Cramer: Tech Is Poison

Posted Feb 15, 2008 09:54am EST by Aaron Task
The "Mad Money" host and my old boss at TheStreet.com reveals his favorite shorts in tech, a sector he believes will lag for several months because of the mindset of institutional investors. But is Cramer a contrarian indicator?
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132 Comments

Richard
Richard - Friday February 15, 2008 10:06AM EST

Very thought provoking! He is probably right on the mark.

Messalina
Messalina - Friday February 15, 2008 10:07AM EST

A sure way to make money on the market is to go short when Cramer says to go long and to go long when Cramer says to go short.

DS
DS - Friday February 15, 2008 10:16AM EST

this guy is a business

Kim
Kim - Friday February 15, 2008 10:23AM EST

Cramer is a lot of show and no go! More of a cartoon show to watch than any business show on T.V

Jim C
Jim C - Friday February 15, 2008 10:30AM EST

He fails to understand the inner workings of technology. He's just telling you where the big money is likely going now. He doesn't see much besides the moment. There is a hell of a lot of upside in tech stocks. A lot of big money has been accumulating tech at some pretty low prices recently.

marcog
marcog - Friday February 15, 2008 10:31AM EST

Jim always needs to say something just because he's asked to. But clearly he has no clue on where tech stocks will be nor the economy. So just don't pay attention to what he has to say. Best example was when he went Bearish on ATML at $2.00 and the stock shot up all the way to $5 in a matter of months. At that time I listened to him...this time around I learned the lesson. The examples could go on for pages!!!Just ignore.

Jb
Jb - Friday February 15, 2008 10:37AM EST

I take Cramer With a grain of salt. Do yor own homework!

marcog
marcog - Friday February 15, 2008 10:41AM EST

Just for the record he said DON'T BUY CREE in mid January. CREE back then was at $25...with the market tanking and all talk of recession talk guess where CREE stands now?? $34.00!!!!!! Another very sad call of Mr.Jim. A piece of advice: Do your D.D., don't listen to a Show Man!!

W
W - Friday February 15, 2008 10:43AM EST

Does anybody have any thoughts on EMC.

cootiegiver
cootiegiver - Friday February 15, 2008 10:51AM EST

Technology doesn't necessarily move with any logic, or even in response to earnings. You can't predict it very well on the long side, I don't know why you would think you can predict it well enough to short. Especially when you are looking at a time horizon of just "several months." Predicting short term swings like that is merely a matter of luck.

Steve
Steve - Friday February 15, 2008 10:56AM EST

I agree that if you used cramer as a contra indicator you'd most likely make money, but in this case he's right. Tech is dead because the consumer is dead. Listen to Best Buy's guidance today.

Eta
Eta - Friday February 15, 2008 11:01AM EST

"Technology is poison"..... !? You're welcome to go back to rocks and candles. Nuff said.

Sarah
Sarah - Friday February 15, 2008 11:01AM EST

aaron: i expect you to do that tech ticker karate move at the end of all of your segments from now on.

Dave
Dave - Friday February 15, 2008 11:03AM EST

Cramer is half right 50% of the time. http://www.cxoadvisory.com/gurus/ Watch my movie get made! http://cellthemovie.blogspot.com

Dennis
Dennis - Friday February 15, 2008 11:03AM EST

Cramer belongs in jail. He is an admitted con man and scammer.

patricia
patricia - Friday February 15, 2008 11:08AM EST

Be careful about ANYTHING Jim Cramer says. My biggest losses in the stock market have been on Jim Cramer's "sure bets". DON'T LISTEN TO THIS GUY!!!!!! Don't even watch him as you might be influenced subconsciously to listen to his inane stock picks. I don't know what his deal is, but I think it's all about EGO. Do your own research.

MikeM
MikeM - Friday February 15, 2008 11:09AM EST

One day Cramer is ranting how much he loves the great deals out there for tech (NOK, AAPL...) the next day he says avoid them...? Which is it Cramer??? You're losing all credibility buddy...

curtisa
curtisa - Friday February 15, 2008 11:11AM EST

I think he know more than I, so I tend to like his overall view...He has too much going on to be that directly involved with some of the specifics.

Aaron
Aaron - Friday February 15, 2008 11:13AM EST

Sarah: Done and done!

Kris
Kris - Friday February 15, 2008 11:13AM EST

I think he is wrong this time as he has been many times before. GRMN and VMW will bounce and be at much higher levels in June than are now.

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