January 17th - Good tech mostly bad tech
Cramer started out by saying it is time to pull the plug on tech stocks and they are off limits (but there is a Cramer test to see if some are ok). He said the calendar has told him tech is out, which is a better signal then most professional stock advisors. He says to sell stock in January and buy back in August. Cramer said to unload semi-conductors, cell phones, handhelds, software, and storage. After the break Cramer said he is going to look at 5 tech stocks that are worth keeping.
Cramer named the following Tech stocks as ones that can still be owned:
Cisco Systems, Inc. (CSCO) under $25 is a gift
Microsoft Corp. (MSFT) under $28 is a gift
Apple, Inc. (AAPL)
Hewlett-Packard Co. (HPQ)
Google Inc. (GOOG)
All just too big to have Cramer move the stock enough so nothing here worthwhile shorting in my opinion.
Finally Cramer played Am I Diversified.
posted by CramerTracker @ 1/17/2007
9 comments
Comments on "January 17th - Good tech mostly bad tech"
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Unknown said ... (January 17, 2007 6:24 PM) :
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CramerTracker said ... (January 17, 2007 6:31 PM) :
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Unknown said ... (January 17, 2007 6:46 PM) :
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CramerTracker said ... (January 17, 2007 6:59 PM) :
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Anonymous said ... (January 18, 2007 9:26 AM) :
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CramerTracker said ... (January 18, 2007 2:05 PM) :
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Anonymous said ... (January 18, 2007 4:54 PM) :
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Anonymous said ... (January 18, 2007 5:45 PM) :
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CramerTracker said ... (January 18, 2007 6:15 PM) :
post a commentAnother bla show. I dout anything will move enough to short. Hmmmm, hope he is not doing this all the time now. I just glanced through cramers new book and he talks about people shorting his picks...to no effect though. Hopefully we get back to our regularly scheduled programing
Cramer does have spells like this were he stays away from the speculative stocks which he has more power in moving. When he starts making a lot of safe picks and has a lot of educational shows it can be a sign that he thinks the market is in for a downturn. He can't really come out and say the sky is falling because it will have an adverse effect on his ratings, but you can read between the lines sometimes. I don't think this is the case here yet though.
This show is a very defensive one. I think cramertracker may be on to something. It could be that cramer feels like the market is going down. Crude may have bottomed and be going up which could bring other sectors down. The only good thing is that shorting should be better if market does turn and cramer gets back to speculative plays.
Cramer does have a rule where he can't buy stocks for his actionalertplus portfolio. He has often said in the past, after someone mentions a stock in the lightening round, that now he can't trade that stock even though he wanted to. I don't recall him saying that lately. I don't follow his charitable portfolio besides what is mentioned on the show. Does he have any big winners in there now? Does he even own LVLT himself I wonder?
Caryover question from the last topic,
BBI has a squeeze ranking of 190. If I understand the explanation correctly, this is not a stock that is favorable for shorting because it is more likely to increase in price than a stock with a lower score?
I am relatively new to shorting. I hope you guys don't mind me using this forum for informational purposes.
I have no issue with informational questions posted here at all...and its my blog, so don't worry if anyone else does :)
Ok, so understand the squeezing ranking the same way you have. A positive number is bullish for the stock going higher. A score of 190 in the case of BBI isn't maybe a great number compared to a ranking of 2000 which means the price isn't as likely to skyrocket any second now.
I think you have to take the rankings with a grain of salt though because it isn't likely to be an exact science (as I don't think there really is such a thing in investing or we would all be millionaires). Like all investments, I think the squeeze ranking is just one of the many pieces of data one can use to make an informed decision.
CWTR- A CRAMER PICK warns big earnings miss going down to 15 most likely.
I think todays show is going to be sell block...not sure if it will give any good shorts...I am thinking he is getting more bearish
Yup...things must not be too good in Cramer's mind. The first segment was more of a safe play. And it will be the sell block later (which I don't short...its basically the reverse Cramer effect if he drives down prices too much).