. All but one of the analyzed companies was down more than 10% from their highs, as of Friday's close. The average decline at that time was 33%, Cramer said.
For that reason, Cramer said investors who want to try capitalizing on the decline should focus their attention, for now, on those with "reasonable valuations." "In short, if you want to start picking among the rubble in the cheap cloud stocks, well, these have already come down enough to be worth buying very gradually on the way down," Cramer said.
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