Jim Cramer: Cascading Cloud Kings Could Provide Big Opportunity

I don't like it when no one knows what's causing certain stocks to go down. That's how I felt about the cascading stocks of the "cloud kings" Monday, including salesforce.com (CRM) , Adobe Systems (ADBE) , Splunk (SPLK) , Red Hat (RHT) and VMware (VMW) . I have developed enough sources at these companies to know that they fell because they were hitting 52-week highs and that they became intra-day sources of funds for lower-multiple semiconductor stocks.

If that's why they went down, of course, we should just sit there and scoop them up. A rotation out of one group of techs into another can often be fertile ground for the next round of buying. We've been trying to get into these stocks for ages for Action Alerts PLUS and this was the first breather they had....291 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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