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centermedic

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So 9 months or so ago on a lark I bought 3 contracts of Call options at $10 strike, Closing Jan 18th.  

 

I really just expected to let them expire, but now it looks like I may get to make some money off them.  What a nice surprise.

How many shares will you get?

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I wish I had bought Sprint stock with the proceeds of my Clearwire stock. About double the money in six months. Not shabby.

 

But instead, I purchased two cars with the proceeds. Had I let it roll, I could have financed the same two cars for a few months, sold the stock now. Paid off the car loans. And pocketed about $10k.

 

Oh well. I could have also lost money too. I just don't have the stomach for investing. :td:

 

Robert via Samsung Note 8.0 using Tapatalk Pro

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I sold off some Sprint options the day after the T-Mobile deal speculation hit. Of course it keeps on going up. Missing out on hundreds of dollars (on an initial $600 investment).

 

Sent from my Nexus 5 using Tapatalk

 

 

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Impressed. I made a big bet on both Sprint and Tmobile and have over 50% profit. I actually made more investing than working. My reasoning for buying Sprint still holds regardless of if the merger occurs so I am in for the long haul (another couple years) . My price target is $25 and at least the same price to earnings ratio as Verizon since the market tends to over compensate for momentum runs.

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I will continue to hold the stock until early 2014. Today's run-up may have been a short squeeze, where the large number of traders betting against the stock finally gave up and rushed to cover their losing positions for the year's end.

 

At the same time, there may have been many sellers locking in their profits for the year. Thus, new money may chase after available Sprint shares after Jan 1, and SoftBank already locked up more than 80% of Sprint.

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Impressed. I made a big bet on both Sprint and Tmobile and have over 50% profit. I actually made more investing than working. My reasoning for buying Sprint still holds regardless of if the merger occurs so I am in for the long haul (another couple years) . My price target is $25 and at least the same price to earnings ratio as Verizon since the market tends to over compensate for momentum runs.

Wow, I have a target price of $25 also. History shows that merger and acquisitions either put upwards or downwards pressure on stock immediately after the deal closes. If the t-mo deal goes through it may put downward pressure on Sprint stock creating a chance to short the stock.

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Big sell-off right now as short-term Sprint stockholders take their profits.

 

In related news, T-Mobile USA is also dropping on AT&T's aggressive move to get their subscribers to switch. That may actually help Sprint's acquisition talks.

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  • 5 weeks later...

The stock has already appreciated 50% within the past few months, so you may have missed the boat.

 

If you do buy it now, your patience should have to be at least 1 year, as the stock price is likely to be volatile.

 

You have had some pretty good advice.

Looking to pick up 600 shares in S. What would you recommend?  

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No more than a year.

Looking at doubling my investment. I quadrupled the value of my investment last time with Sprint but I know at this price point it would almost be impossible to quadruple in a year.

I have a sell target of $25. When I started buying Sprint shares I figured on a minimum of two years which would put me at summer of 2015. I am still firm on that price and time frame so i think you are in decent shape to hit your target.

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You have had some pretty good advice.

Looking to pick up 600 shares in S. What would you recommend?  

I am tempted now to buy more Sprint shares today at $7.60, but the risks seem too big for more short-term pullback amidst AT&T price cuts and possibly horrible quarterly report next week.

 

Whoever can time the bottom of this stock this month will profit handsomely.

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I am tempted now to buy more Sprint shares today at $7.60, but the risks seem too big for more short-term pullback amidst AT&T price cuts and possibly horrible quarterly report next week.

 

Whoever can time the bottom of this stock this month will profit handsomely.

I think you may have two chances. Once this month as investors react to the potential impacts of AT&T price cuts and once again in a month or two when the impact is realized. Probably right after the earnings call.

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