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Cramer Calls "Tech As the Trade" (LVLT, CIEN, INTC, NVDA, SNDK, EMC)
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Stock Tickers: LVLT, CIEN, INTC, NVDA, SNDK, EMC
Jim Cramer came out on STOP TRADING on CNBC and noted the "Tech is roaring" trend. He said this is where the money is going today, and that is where the trade is. He did note these are all trades, not long-term plays yet. But, somuch for "tech is dead until August" as he was maintaining before.
Level 3 Communications (LVLT) is the trade for the growth of YouTube 70% growth each week (that was one of his top picks for the year). He thinks Intel (INTC) can go to to $27.00; NVIDIA (NVDA) can go $7 higher; SanDisk (SNDK) can go to $50; EMC (EMC) is obviously headed to $20.00; Ciena (CIEN) looks good.
Jon C. Ogg
June 21, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in any of the companies he covers.
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