Cramer Says Bail On Seagate, Stock Down (STX)

I am not sure what the extent of the correlation is, but last night on Mad Money, Jim Cramer said that it is time to bail out of Seagate Technology (NASDAQ: STX) after a 300% run over the last 52 weeks. Today it appears that some investors are taking Cramer's advice, as the shares have lost around 2%, and are currently trading at $17.71.

According to Google Finance, "Seagate Technology (STX) is engaged in the design, manufacture and marketing of hard disc drives. Hard disc drives are used as the primary medium for storing electronic information in systems ranging from desktop and notebook computers, and consumer electronics devices to data centers delivering information over corporate networks and the Internet."