Off the Charts: Tracking Tech’s Next Move
The gains earned from technology stocks recently have showed no signs of slowing. Enticed by the sudden spike, big money managers have piled into the group, lending these traditional momentum plays even more momentum. The question then is just how long this can last.
The returns have come from almost all areas of the sector, too. While Cramer likes Apple , Google , Research in Motion and the other tech bellwethers, he’s just as bullish – even more so – about the smaller, speculative names, such as Brocade and Starent Networks. But knowing when to exit a stock is just as important as knowing when to buy in.
The right time to get out will coincide with the big money managers’ waning interest in tech. If prices reach a level at which these guys refuse to buy more, Cramer told viewers on Tuesday, then expect the rally to peter out.
Is he right? Cramer isn’t sure. Plus, the Mad Money host has his own pick to ride this tech rally as far as it can go. Watch the video for the full report and decide for yourself.
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