EMC Slides on Veritas' Quarter
Cramer is making a trade on the decline. Find out what he's doing and why.
Dear Action Alerts PLUS Subscriber,
The market doesn't realize yet that the reason Veritas (VRTS) had such a bad quarter is because EMC (EMC) is taking away market share. EMC wouldn't be down to $14.07 otherwise.
I'm going to buy another 500 shares of EMC after you read this. This purchase will give me a total of 6,000 EMC shares, or about 2.3% of my portfolio.
Regards,
James J. Cramer
DISCLOSURE: At the time of publication, Cramer was long EMC.