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Sprint Stock Good Idea?

JustinRP37

By JustinRP37
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MacinJosh Member Level: LTE Advanced

MacinJosh

Posted
Posted

I turn 18 in two days so I'll finally be able to purchase some sprint stock!

 

Happy early Birthday.

 

Too bad the market went down today. I was 4 cents from breaking even on my investment at close of trading on Friday. Now I'm 29 cents away again. :(

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themuffinman
themuffinman

Damn, sprints stock is on fire today, as of right now its $4.05 per share.

WiWavelength
WiWavelength

Josh's trading fees are high because he bought a single share of Sprint stock at Big Larry's Payday Loans, Bail Bonds, and Stock Brokerage.   AJ

pyroscott
pyroscott

Since you are on the market page, can you check something for me? How's my Enron stock doing? Could you check my Kodak, Circuit City, Blockbuster and Hostess stocks while you're at it?

marioc21 Member Level: eHRPD

marioc21

Posted
Posted

Just an update to Sprint's continued stock market climb, the stock price is up to $3.38 as of 10:56am EDT. And a factoid that has very little relevance, their market cap is now over $10 billion. It'll be interesting to see where the stock finishes this week. The 2nd quarter closed on Saturday and their earnings announcement is 3 weeks away.

 

Stock chart for S:

 

http://www.google.co...q=NYSE:S&ntsp=0

 

Well, Sprint's stock closed at $3.41/share. That's up 4.6% for the day and 46% YTD. Not a bad way to open the 3rd quarter. I wonder if people are expecting Sprint to post a good news quarter?

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marioc21 Member Level: eHRPD

marioc21

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The hot streak continues today. Up $0.09/share to $3.49 as of 1:08 pm EDT.

 

edit: And we finished out the day at $3.47 per share. And that's where we'll stay until the market opens up again on Thursday.

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twospirits Member Level: LTE Advanced

twospirits

Posted
Posted

Well since the market reopens on Thursday, let me ask the following and hopefully not throw this off too off topic in the process.

 

So how does one get into buying Sprint stock? Does one go to a broker, or use an online outfit? Mind you this is coming from a complete (stock) virgin newbie.

 

TS

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marioc21 Member Level: eHRPD

marioc21

Posted
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Well since the market reopens on Thursday' date=' let me ask the following and hopefully not throw this off too off topic in the process.

 

So how does one get into buying Sprint stock? Does one go to a broker, or use an online outfit? Mind you this is coming from a complete (stock) virgin newbie.

 

TS[/quote']

 

Lots of different ways. You can open an individual account at places like etrade, td ameritrade, t rowe price, fidelity and numerous others. Some have minimums some don't. Some have higher minimums than others. Places like etrade are mostly online, self-service type brokers. Although for a fee you can pick up the phone and talk to a broker. Places like fidelity give you the choice of either a real broker or do it yourself. and of course each brokerage will charge different commissions. The do it yourself ones like etrade will charge less than full service ones.

 

Any stock buying it do, and it isn't much, is in an etrade account. It's been a while, but I think etrade charges 9.99 per trade for up to 1,000 shares.

 

Sent from my Acer A200 using Forum Runner

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marioc21 Member Level: eHRPD

marioc21

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Well, looks like the hot streak is over. Sprint's stock is down $0.09 at 9:40 am EDT. If it finishes in the red today that'll be two down days in a row.

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JohnHovah Member Level: 4G WiMax

JohnHovah

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Well, looks like the hot streak is over. Sprint's stock is down $0.09 at 9:40 am EDT. If it finishes in the red today that'll be two down days in a row.

 

Sounds like time to pick up more shares.

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pyroscott Member Level: LTE Advanced

pyroscott

Posted
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Yeah' date=' for you maybe. But now my small profit is gone. :(:angry::td:[/quote']

 

Are you sure you have the patience for the stock market? A slot machine might move at the pace for you.

 

Sent from my Jelly Bean Toro using Forum Runner

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MacinJosh Member Level: LTE Advanced

MacinJosh

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Are you sure you have the patience for the stock market? A slot machine might move at the pace for you.

 

Sent from my Jelly Bean Toro using Forum Runner

 

Are you kidding? I haven't been inside a casino in over 3 years.

 

Sent from my LG Viper 4G LTE using Forum Runner

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JohnHovah Member Level: 4G WiMax

JohnHovah

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Are you kidding? I haven't been inside a casino in over 3 years.

 

Sent from my LG Viper 4G LTE using Forum Runner

 

I'm assuming this is better for you than the casino? ;)

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pyroscott Member Level: LTE Advanced

pyroscott

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If the consensus is better to go to a casino, then I better not get into stocks, since I always lose my money at casinos. :angry:

 

TS

 

I am up like $75 on Vegas, I better not gamble again. I will probably even it out next time.

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JohnHovah Member Level: 4G WiMax

JohnHovah

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If the consensus is better to go to a casino, then I better not get into stocks, since I always lose my money at casinos. :angry:

 

TS

 

I believe the consensus is that trading stocks is not for the feint of heart or those looking for a quick gain and exit. (i.e. casino)

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MacinJosh Member Level: LTE Advanced

MacinJosh

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I'm assuming this is better for you than the casino? ;)

 

Yes, it's better to invest in stocks than to lose money in the slot machines, even with the market as volatile as it is.

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pyroscott Member Level: LTE Advanced

pyroscott

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Yes, it's better to invest in stocks than to lose money in the slot machines, even with the market as volatile as it is.

 

I find it best to invest and ignore. The more you check your stocks, the crazier you get. I occasionally check to make sure that the companies haven't gone under, but I find it more therapeutic to set and forget.

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MacinJosh Member Level: LTE Advanced

MacinJosh

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I find it best to invest and ignore. The more you check your stocks, the crazier you get. I occasionally check to make sure that the companies haven't gone under, but I find it more therapeutic to set and forget.

 

I understand that. I just check the price and move on because lately I have been too busy to sit around watching the market. I just hope last quarter was better for Sprint and they post some better numbers to drive the price up.

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pyroscott Member Level: LTE Advanced

pyroscott

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I understand that. I just check the price and move on because lately I have been too busy to sit around watching the market. I just hope last quarter was better for Sprint and they post some better numbers to drive the price up.

 

Since you are on the market page, can you check something for me? How's my Enron stock doing? Could you check my Kodak, Circuit City, Blockbuster and Hostess stocks while you're at it?

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MacinJosh Member Level: LTE Advanced

MacinJosh

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Since you are on the market page, can you check something for me? How's my Enron stock doing? Could you check my Kodak, Circuit City, Blockbuster and Hostess stocks while you're at it?

 

Not funny. My stepdad bought into Enron after they filed for bankruptcy. I could have hit him in the head with a 2x4 for that crap. And Circuit City was snuffed out by Best Buy, who is now starting to suffer as well for their gouging prices.

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JohnHovah Member Level: 4G WiMax

JohnHovah

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Posted

I find it best to invest and ignore. The more you check your stocks, the crazier you get. I occasionally check to make sure that the companies haven't gone under, but I find it more therapeutic to set and forget.

 

day trading fever certainly can get the heart racing. I had minor holdings in worldcom and united airlines awhile back which turned south with a quickness. at least the loss was absorbed by my many other gains in the biotech sector.

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