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Get Set for Prime Retail Season

A change in price in a portfolio holding has Cramer ready to make a trade.
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I'm going into the market here to pick up another 1,000 shares of Cabela's (CAB) , which will take my total position up to 5,000. I believe the $22.50 print on Thursday's 10.5 million-share secondary will prove to be the near-term bottom for the retailer.

Even though the company's sales were disappointing last quarter, Cabela's is entering its prime selling season. And as I said earlier in the week, I believe the retailer is just one quarter away from trading back up toward $30 a share.

Regards,

James J. Cramer

DISCLOSURE: At the time of publication, Cramer was long Cabela's.