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centermedic

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I have a chunk of Sprint stock in the $5 range, a chunk in the $6 range, and a chunk in the $7 range. If the stock gets back towards $8, I will need to offload that $7 chunk so that my account is no longer almost half Sprint. :D

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Sprint surging towards $7 today. What we are seeing is probably new buyer interest as well as a short squeeze. Sprint stock was one of the top 5 most shorted stock last week where people were "borrowing" shares in a bet that the price would fall further. However, these negative bettors are now having to reverse course and "buy back" (cover) those shares at a rapidly increasing loss as the stock goes up fast.

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Here are catalysts for a possible run above $10 by end of 2014:

- significant net subscriber adds due to successful iPhone sales

- surprise profit growth (in part due to falling costs from iDEN/Clearwire consolidation, roaming agreements, etc.)

- multi-billion dollar acquisition, partnership, merger, or buyout announced

- heavy share buybacks and/or insider buying revealed

- stock ratings upgrade by "analysts"

 

However, if Sprint reports disappointing iPhone sales, the stock could easily plummet back to $5 or worse.

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ALIBABA GROUP HOLDING LTD (BABA) -NYSE
93.89 transparent-1093278.png 25.89(38.07%) 4:00PM EDT
After Hours : 93.09 transparent-1093278.png 0.80 (0.85%) 4:45PM EDT

 

wow! how rich is softbank now?

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ALIBABA GROUP HOLDING LTD (BABA)  -NYSE
93.89 transparent-1093278.png 25.89(38.07%) 4:00PM EDT
After Hours : 93.09 transparent-1093278.png 0.80 (0.85%) 4:45PM EDT

 

wow! how rich is softbank now?

 

Crap. I have to go check my limit order.

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This must have been a banner day for Masa with the Alibaba IPO & two carriers with iPhone launches. He'll be swimming in two Uncle Scrooge money vaults.

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i have not! I should give that a try. Hell, I'd be happy with 10k lol.

 

 

Sent from my iPhone 6 on Crapatalk

Just let him know that you are Nigerian Royalty and are totally good for it.

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i have not! I should give that a try. Hell, I'd be happy with 10k lol.

 

 

Sent from my iPhone 6 on Crapatalk

Be very concise with your email. The amount of time it takes him to read it might cost him more than the sum you ask him for!

 

He makes nearly $2000 every *second*. [emoji54]

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