
Tech Surges as Liquidators Lose Power

By Jim Cramer
About this article:
Who went bust? Who went bust and finally finished selling the techs, the Citrix, the Rackable, the Network Appliance, the Qualcomm and so many more?
I say this because these stocks have been under heavy liquidation for the better part of a month, and a lot of the selling hasn't been justified.
I think the Nazz is ripping because the liquidation is complete. I hear that the fund that went bust had about $5 billion in concentrated high-multiple tech names.
Those are what's working. The fact that the liquidation's conclusion comes at precisely the time when a lot of people were short the Nasdaq-100 Trust, because it looked like it was finally breaking down, has led to this tremendous rally.
Now that the selling is done, people are again looking at these stocks, and they are finding that, alas, they are cheap!
And they are no longer so beleaguering and...

Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET.
Outside the U.S. and in Canada, call 1-212-321-5200.
|
|
|

 |

If you decide to subscribe and you're not completely satisfied with TheStreet.com RealMoney, just call us within the first 30 days of your subscription and we'll refund your full annual subscription price — guaranteed.
|
|
|
|
|
If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.
Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.
If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.
TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.
© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.
|