Cramer says you have to be buying tech.
The puts have already been put on and trying to extrapoloate Motorola (MOT) is wrong. Cisco (CSCO) is a buy on Motorola (MOT) weakness and he noted that this was unable to hit H-P (HPQ). Cramer thinks CSCO is crushing MOT in 2007, sell them after they report the quarter if you want to sell them but not today because they are oversold. Cramer thinks that deciding to get bearish today is wrong and all the money that is still leaving energy and has to go somewhere.
As a reminder Cisco (CSCO) was one of his runner ups for his top growth stock picks in 2007 last night. If you take his a step further, you can see where our noting that the Dell (DELL) downgrade today was illogical and late even if the JPMorgan analyst that cut the stock is correct.
Jon C. Ogg
January 5, 2007
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