TheStreet.com's Jim Cramer says Microsoft's $31-per-share offer will wake up the Web sector.Oh, doctor! Just when you thought there was no reason to own tech whatsoever, when everything was slowing and awful, Microsoft (NASDAQ: MSFT) (Cramer's Take) decides to change the game and become the biggest online player there is.
This is huge. It is a giant liquidity event and a reminder that there is value, that there is a floor in a tech group that has gone from bad to worse this year, from totally unownable to ridiculously unownable.
Until now.
This is a huge premium bid. It will wake everyone up, from Interactive (NASDAQ: IACI) (Cramer's Take) to New York Times (NYSE: NYT) (Cramer's Take) stock (About.com will now become bigger than people think). It will put a premium on what was a discount.
And we needed it.
After the brutal lack of gains from the EMCs (NYSE: EMC) (Cramer's Take) and the Cornings (NYSE: GLW) (Cramer's Take) after their great quarters, and from the shellacking of the Googles (NASDAQ: GOOG) (Cramer's Take) and Apples (NASDAQ: AAPL) (Cramer's Take) we needed this bad to keep tech in the game.
BooYahoo!!
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At the time of publication, Cramer was long EMC and Corning.
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Reader Comments (Page 1 of 1)
2-01-2008 @ 10:34AM
techy said...
Jim,
i came late to stock buying (August 07) and lost a ton of money buying your recommendations.
but sorry to say that you keep recommending stocks even though they are not good for the long run like EMC, AAPL, RIMM, AMZN, GOOG etc..
i hope you will care about us little guys and not only your TV show.
i wish you could have recommended buying puts to protect from the shocking declines.
or buying puts for other stocks to hedge agains market decline.
2-01-2008 @ 11:28AM
Thomas Jowers said...
i have been buying stock for over 2 years now, and by no means an expert, my portfolio has fallen since august, but if you are diversified, you would not have been hit as hard, before this huge sell off i was up over 30% thanks to Cramer, but know using his reccomendations and my own homework, i believe that i am creating a base for a knock out year (i am buying like crazy with these sell offs!)
oh yeah, cramer doesnt change or control the market, he offers his insights on the market
2-01-2008 @ 11:43AM
Steve said...
I bought YHOO at 18.50 AH on Tuesday what do I do now besides jump up and down.
2-01-2008 @ 2:24PM
Mike said...
SELL
2-01-2008 @ 12:21PM
Steve said...
I am real curious what GOOG will do to respond to this. I also would like to see how the regulators will interpret the sale. I will be watching like its a soap opera.
http://people2blog.blogspot.com
2-01-2008 @ 12:22PM
marcos said...
Cramer, come back to reality, stop licking Trump's boots like you did on his stupid show and push it back into tech all the way around. BTW, Gene Simmons was light years ahead of all of you and you never saw it coming. He wanted off, badly and he outsmarted you and Trump and his beautiful airhead daughter right before our eyes. That alone makes me question YOUR forensic ability.
2-01-2008 @ 2:10PM
Dia said...
cramer youre an asshat...plain and simple. a few months ago you were hyping MOT at $18 saying to follow your fellow icahn...the stock drops to $10 and what do you do??? earlier this week you say to sell MOT and buy NOK.....no mention what-so-ever of youre previous buy recommendation...and MOT rocks up to $13 today. HAHAHA ive been short MOT from $22 (covered at $11) and long NOK from $20...and still long. THATS how its done my friend!