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JossMan last won the day on February 27 2018

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1,377 Wireless Expert

About JossMan

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    Member Level: 4G WiMax

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    Samsung Galaxy S10
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    Tri-Cities, TN (Nashville Market)
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  1. Simple economics here; 3 carriers all happy with their subscriber base, or four carriers two bigger and two smaller that can compete enough to pull subs from the bigger two. For the last 8 years I've heard Sprint wont be around in the next two to three years yet here we are. Sprint would need to completely do a 180 with their board with an energetic CEO. Legere was successful because he appealed to millennials Sprint needs a Legere plain and simple.
  2. This merger is dead IMO, Son penny pinched just to get what he ultimately wanted. Sons statement on paying back on bonds is the nail in the coffin. 30% chance this merger is approved
  3. Sprint can't afford to go private, they can't afford to buy back shares from stockholders, going private won't happen. Either the merger will pass (60/40 chance at this point), if not Son will find a buyer for Sprint and take a loss (hello WeWork) and as a trader the way Sprint's shares are trading its almost as if market makers are already pricing in a merger failure. Sprint would have to do some serious trimming off its balance sheet, sale portions of its network and subs, or even file Chapter 11. I don't really see Sprint filing bankruptcy I've seen companies with worse earnings and survive. Son just wants out of the U.S. wireless market and merging with T-Mobile is the fastest way to do so all while pitching this "5G for all" bs <--- I don't even have faith in T-Mobile post merger if it happens. Sprint needs someone with deep pockets like Altice or another large cable company (and most certainly not Dish).
  4. Time decay can be a pain though, this is why I stick mainly to stocks rather than options.
  5. Yea options can net you big money during large mergers, or large cap earning season (Google was another money maker). Its the only time I start targeting options, I mostly only trade small and midcap stocks that are not range bound.
  6. One options contract allows you to control 100 shares of a "x" stock, option calls are for when you believe the price of the stock will go up, option puts are for when you believe the stock price will go down. I do not trade options much but this was a easy give me free money that this merger was going to get approved. Basically I purchased 300 option calls at a strike price of $8.50 to control 30,000 shares of Sprint. These options as of yesterday were only $.03/ per option = $3.00x300 per contract for a total of $900.00. When the merger was announced at 11:30AM and as Sprint's stock started moving towards $8.00 per share these option calls increased in value. My $900.00 entry netted me close to $8,000 within 24hrs. Easiest trade I have ever made in my trading career.
  7. Love it! 325% on my option calls, thanks T-Mobile and Sprint you have paid for my wireless bills for the next 10 years! 🤑 Exciting times!
  8. I have several option calls on $S and $TMUS and I need this merger to be done like....yesterday... lol
  9. T-Mobile is trying to control the PR, earnings were released today with a EPS of $1.09 which beat the estimated $0.97 T-Mobile still making moves. One of the best quarterly results to date for $TMUS, the conference call will more than likely include the announcement of the Sprint/T-Mobile merger. I suspect we will get some news before the open of the trading day tomorrow.
  10. As a trader the market chatter is that an announcement could come as soon as tomorrow if not by then by end of week.
  11. This merger is now totally different from what was originally planned merging and creating a fourth carrier, giving up spectrum, at this point I sound like a broken record. Son needs to give up and take the "L" and sell Sprint to someone that will actually spend the money and get Sprint back on its feet, if Sprint needs to file chapter 11 bankruptcy, do stock offerings, sell portions of their network so be it this has become a clown show at this point.
  12. 8615 is only 5x5MHz here in the Bristol TN/VA and surrounding area. Sprint has CA 8665/8615 here and still pretty speedy with speeds hovering in the 30Mbps during peak times and bursts over 50Mbps at times.
  13. Altice should just be number 4, they are already using Sprint's network for their wireless offerings. Spin off some PCS, BRS, and 800MHz and let Altice go at it.
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