Jim Cramer on TheStreet.com videos is staying positive on his "Horsemen of Tech" and he said that today is mark-up day and fund managers will want to own these winning names going into year-end. He noted that he’d buy calls out to FEBRUARY & MARCH 2008 that are "in the money":
- Apple (NASDAQ:AAPL)
- Google (NASDAQ:GOOG)
- Research-in-Motion (NASDAQ:RIMM)
Cramer also noted a couple other stocks. Amazon.com (NASDAQ:AMZN) was removed from Cramer’s "New Four Horsemen of Tech" some time ago, but he even thinks that it will win over Christmas from strong sales. He also noted that Garmin (NASDAQ:GRMN) is having a monster Christmas, although he still thinks Nokia (NYSE:NOK) is going to be major competition next year for Garmin.
Interestingly enough, at last week’s VALUE INVESTING CONGRESS hedge fund manager Larry Robbins of Glenview Capital Management (with something like $9 Billion under management) on Wednesday said that "the horsemen" had been the lead stocks on his short sale list. Whether or not that had or has changed is not known because the market sentiment has changed over the last few days.
Jon C. Ogg
December 3, 2007
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