On today’s STOP TRADING segment on CNBC, Jim Cramer noted that the SEC comments about market forces regulatiung hedge funds.  On SEMICONDUCTORS, Cramer was again saying the Analog Device (ADI) numbers caught the shorts by surprise.  This wasn’t factored in and now you can buy Texas Intruments (TXN).  He said he hates to admit it, but Qualcomm (QCOM) is one you can buy also.  Historically you don’t buy these in the first quarter but the shorts that were in place have not finished unwinding.

He also said JCPenney (JCP) is one to buy here.  He thinks they have it together.

Whole Foods (WFMI) is one he said is a great deal and that can be bought.

This echoes his earlier comments.

Jon C. Ogg
February 22, 2007