I'm finally free to trade Corning (GLW) again, and I want to continue to build up my position in this name. After you read this Alert, I'll pick up 1,500 shares, which will give me 5,000 total. That's about 3% of the portfolio, so I still have plenty of room to keep buying. As I write this, the stock is not much above my cost basis, trading around $25.65.
This morning a broker raised its numbers on Corning based on strength in the LCD market. Combine that with the demand for fiber, and I expect the company to report a big quarter next month. I want to grow my holding ahead of that event.
Regards,
Jim Cramer
DISCLOSURE: At the time of publication, Cramer was long Corning.
Send email to james.cramer@thestreet.com.