Cramer started MAD MONEY on CNBC tonight saying that the semiconductor upgrades from J.P.Morgan and Deutsche Bank from Friday mean to Buy later in the year after corrections in inventories.  They are a sell on the recommendation though, at least that is Cramer’s take.  Cramer thinks the trade is to sell near-term and you can buy them later for the longer-haul.  He even pointed that the research was pointing toward institutional investors with a timeframe and scope that they just start buying the chip names now so they can get in on the way down.

Jon C. Ogg
February 12, 2007