Accumulating Shares
Cramer is building a position with cash set aside for just this purpose. Learn his motivation.
As long as Symbol Technologies (SBL) stays down around $15, I'm going to keep accumulating the stock. End-market demand remains strong for the company's scanner and wireless applications, and I believe management can work on cutting its expenses over the coming quarters.
With that in mind, I'm going to purchase 500 additional shares of Symbol after you read this, which will give me a total of 8,500. This kind of opportunity is exactly the reason we keep some cash on the sidelines.
Regards,
James J. Cramer
DISCLOSURE: At the time of publication, Cramer was long Symbol Technologies.
Send email to james.cramer@thestreet.com.