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Monday, February 12, 2007

February 12th - MRVL

Cramer's first segment was about semi-conductors and if they were a trade or investment which was followed by some education about trading vs. investing. Cramer said a recent upgrade on the sector is a sign to the big funds to start buying now when prices are low (but not at their lowest necessarily) to be able to catch the run up later in the year. Cramer thinks there is one more bad quarter before things turn around in the sector. He said Marvell Technology Group Ltd. (MRVL) is likely to report bad numbers, but could rally upwards on the bad numbers with the expectations that it will do better next quarter and is an example of an investment and not a trade.

Closing Price: $17.91
After Hours High: $ 18.19
Percent Increase at High: 1.56%
After Hours Most Recent Price: $ 18.05
Percent Increase at Most Recent Price: 0.78%
Sector: Technology
Days to Cover: 1.8
Short %: 4.16 %
% Held by Insiders: %
% Held by Institutions: %
50 Day Moving Average: $19.53
200 Day Moving Average: $20.45
Average Price Drop for Sector: 4.3%

Considering there is a chance the stock can go down after they report, I don't think people are breaking down the door to buy this. Based on the Bollinger Bands, there the downside is likely around $17.71 after today's weakness, but the stock isn't likley to go high enough to be a worthwhile short.

Finally Cramer spoke of the oil and gas sector and said he likes National Oilwell Varco, Incorporated (NOV). The stock closed today at $66.53 so it is too rich for me, plus it is an oil play, which is a sector I stay away from because the price of oil can impact the stock price more then Cramer can.

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