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Cramer Calls On Oversold & Overlooked Tech Stocks (IBM, EMC, VMW, INTC, MSFT, HPQ, GLW, AAPL, RIMM, GOOG)
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On tonight’s MAD MONEY on CNBC, Jim Cramer said that after IBM (NYSE: IBM) raised its numbers that was just the excuse to rally tech as it was and oversold. he noted, "Nothing was really wrong with tech in the first place" and he noted that the good had been sold off with the bad. This week he is going to feature overlooked tech stocks that he still likes that have been hit too hard.
In honor of IBM, Cramer is going with the cheapest of the bunch based on its hidden assets. His pick tonight is EMC Corp. (NYSE: EMC) for several reasons, and we threw in a few things of our own here:
His conclusion is that the first tech comeback play for the week is EMC.
Cramer is going to be featuring overlooked and/or oversold tech stocks each night this week. If you want to see some of his potential other picks for Tuesday through Friday, here were other lead-in comments he was making on tech stock activity immediately before going positive on EMC tonight:
Here is the full feature with many backgrounder items that shows the pertinent 2007 calls that he is still active in for the start of 2008. This is an extensive list and will give you a great summary of his ongoing calls.
Jon C. Ogg
January 14, 2008
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