Strong Signal from Discount Cellular Carriers

Matt Cavallaro, BetterTrades.com, 03.19.09, 08:00 PM EDT

March has sent the short-sellers running for cover on the shoulders of a furious rally in the banking sector, but calling for a market bottom seems premature while there is still blood on Main Street. Confidence is frail, earnings will remain under pressure and consumers will keep a tight hold on the purse strings while the recession plays out.

With consumers shifting their spending habits to low-cost consumer brands, discount wireless providers like Leap Wireless and MetroPCS Communications are hoping to capitalize on an ever-expanding budget-conscious populace.

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Buy signal

I like the discount carrier stocks too.

Agreed

I bet you are going to see major carriers respond with lower priced alll you can eat plans.