On the Weak Day, Cramer Maintains Buying Tech

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By Douglas A. McIntyre Updated Published

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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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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