General Investing Forum

[JimBob]

I just bought 650 Sprint shares at $7.69; hoping for good quarterly earnings report tomorrow.

[transitwatch889]

Mmmm you just put me on. Bought some more myself.

[WiWavelength]

With Robert largely unavailable until next month, I have been shorting S4GRU. I project that S4GRU value will trend downward until Robert returns.

 

 

AJ

[JimBob]

I just bought even more at $7.53; promise I will keep my finger off the button unless it drops towards $7

[anthony.spina97]

I convinced my Dad to buy 500 shares (100 for me, 400 for him) last week when they were up at 8.50ish. Good thing we're gonna be holding the shares for a while.

 

-Anthony

[transitwatch889]

The price just keeps dropping. I'm satisfied that it will rebound but it's interesting that its being valued so low

[JimBob]

The price just keeps dropping. I'm satisfied that it will rebound but it's interesting that its being valued so low

Probably lots of people betting against the stock (short-sellers) in advance of tomorrow's earnings report. Should the report beat expectations, the stock will shoot up as these short-sellers rush into buying back their bets at rapidly increasing prices.

 

Long-term, Softbank is just too invested to let the company fail much further. Last year when the stock was around $6, Softbank bought even more of Sprint, bringing ownership to 80%. When attitudes and subscribers for Sprint finally turn around, demand for the shrinking pool of available shares will skyrocket. I personally believe that connected cars is the future growth area not getting much attention. Another area is future partnerships with other companies to take advantage of Sprint's deep spectrum holdings and network infrastructure.

[JimBob]

Earnings release beat expectations of loss and revenue. Sprint share price currently $7.72 premarket.

[S4GRU]

With Robert largely unavailable until next month, I have been shorting S4GRU. I project that S4GRU value will trend downward until Robert returns.

 

 

AJ

I think others agree. Donations plunged off a cliff a few weeks ago. Reduced Robert, equals reduced donations.

 

Robert via Samsung Note 8.0 using Tapatalk Pro

[JimBob]

I think others agree. Donations plunged off a cliff a few weeks ago. Reduced Robert, equals reduced donations.

When Sprint shares hit $10, I will make another $100 donation to S4GRU.

[cavendano]

what just happened? S is up almost 7% after-hours?

 

edit:

never mind i found my answer:

http://www.bloomberg.com/news/2014-04-30/sprint-said-to-plan-t-mobile-bid-after-pushing-banks-for-funding.html

 

 

When Sprint shares hit $10, I will make another $100 donation to S4GRU.

 

 

getting close :-)

Edited April 30, 2014 by cavendano

[JimBob]

Disappointed that Sprint did not end above $9 today.

[SpenceSouth]

Disappointed that Sprint did not end above $9 today.

My AMD stocks disappoint me everyday.

 

Sent from my Nexus 5 using Tapatalk

[Mobilesolutions]

My AMD stocks disappoint me everyday.

Sent from my Nexus 5 using Tapatalk

I purchased 4,000 shares of AMD a few years back at around 7 dollars a share, i've had to pick up about 5,000 shares since then do offset that loss. I sympathize with you.

 

-William

[JimBob]

Lots of buying activity in Sprint shares today, peaking the price at $9.35 so far today.

 

I wonder if the FCC rumor is the main driver.

[cavendano]

Wondering the same thing...

[JimBob]

Closing price of $9.53 with a high of $9.66

 

Good.

[cavendano]

Any idea what happened? I was going to sell at 9 a few days ago, then it shot up to 9.15 this morning. I'm holding for now.

[sbolen]

Any idea what happened? I was going to sell at 9 a few days ago, then it shot up to 9.15 this morning. I'm holding for now.

 

I'm going long on my Sprint position. I see the stock going bananas in the future (especially after more NV goodness).

[cavendano]

I see that as well especially after they post positive subscriber growth for more than one quarter or even sooner if the TMUS deal is officially announced.

[gnoj]

Any idea what happened? I was going to sell at 9 a few days ago, then it shot up to 9.15 this morning. I'm holding for now.

 

The stock most likely went up due to the FCC's new rules regarding next year's incentive auction that passed that day. Up to 30 MHz of spectrum will be set aside for bidding by Sprint, TMUS, and other smaller carriers that lack a great deal of low-band spectrum, after overall bidding for a license within a given market has reached the pre-determined "trigger point."

[JimBob]

Investors seem not to be happy, as Sprint's stock has fallen 7% since details of the merger came out.

[caspar347]

Woah. 6.5% boost today. Back above $6!

[JimBob]

Woah. 6.5% boost today. Back above $6!

Glad to see Sprint return above $6 after 1 month of depression. I have not seen any news articles about why the rally today.

[sbolen]

Woah. 6.5% boost today. Back above $6!

My broker thought it was dumb when I bought another 900 shares. Long-game, baby.

 

Apple was once "doomed," too.