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
ALERT: Take This Retirement Quiz Now (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
