Nextel Dips Despite Upbeat Presentation
The market is ignoring the company's conference appearance. Find out what Cramer makes of it.
Dear Action Alerts PLUS Subscriber,
My strategy continues to be picking away at my favorite stocks with small purchases as the market creates buying opportunities. Nextel NXTL is off 50 cents today to $19.28, despite management's upbeat presentation at the Goldman Sachs conference.
I don't think we're going see many better buying opportunities for Nextel between now and the company's earnings report two weeks from tomorrow. With that in mind, I'm going to buy 500 NXTL shares after you read this, giving me a total of 4,500.
Regards,
James J. Cramer
DISCLOSURE: At the time of publication, Cramer was long Nextel.