TSRI looks ready to bust! This Nasdaq play has been being shorted to death and with less than a million shares in the float any upward momentum could send this play into orbit
Claure 5 Million shares
Rootmetrics Sprint passes T-Mobile
Junichi Miyakawa Top Gun teams, automated detection and self-learning functionality
Bloomberg Intelligence 115 Billion dollars
Dish Sprint Trials
Network Vision, U.S. Newest Network, rip and replace entire network
Brightstar sale to Softbank
Good luck longs and potential longs, Sprint is THE most undervalued Brand Name Asset in the market today, do your own due diligence and see/decide for yourself.
115 Billion - Possible Value of 2.5GHz Spectrum per Bloomberg Intelligence
5 Million - number of shares recently bought by CEO Claure
3 - nationwide network quality ranking, passing T-Mobile per Rootmetrics
56 - average IQ of bashers on Sprint message board
aaquadouchbag, you would think that after being around stocks for this long you would at least know better than to post total nonsense...I mean who do you fool except the newest of new and they would lose their money anyway most likely.......do you know nothing about what happens to a stock under accumulation...how it trades.....and why.....purchases are relative, amount to float size...your comment is more than senseless...you really want to be schooled yet AGAIN.....
spectrumeddouchbag, most all longs here did take the buyout...and were averaged in from about mid $2's.....you would be better served if you had any idea what you were talking about.......you do a lot of talking ....why don't you put your money where your big fat mouth is and go all in short from here......let us know in real time not you sissy papertrade nonsense.....
...that wasn't directed to you, but since you mention it the stock was hovering around that level all afternoon...and you call a close at $5.20...and you want a metal for it?.....tell me how that call made you any money?
A wireless communications stock that insiders are active in here is Sprint (S), which provides wireless and wireline communications services to consumers, businesses, and government users in the U.S., Puerto Rico and the U.S. Virgin Islands. Insiders are buying this stock into decent strength, since shares have trended up by 11.7% over the last three months.
Sprint has a market cap of $20 billion and an enterprise value of $48 billion. This stock trades at a reasonable valuation, with a price-to-sales of 0.57 and a price-to-book of 0.91. This is not a cash-rich company, since the total cash position on its balance sheet is $3.71 billion and its total debt is $32.46 billion.
The CEO just bought 5.08 million shares, or about $25 million worth of stock, at $4.92 to $4.94 per share.
From a technical perspective, S is currently trending above its 50-day moving average and below its 200-day moving average, which is neutral trendwise. This stock has been uptrending over the last three months, with shares moving higher from its low of $3.79 to its recent high of $5.28 a share. During that uptrend, shares of S have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of S within range of triggering a major breakout trade above some key overhead resistance levels.
If you're bullish on S, then I would look for long-biased trades as long as this stock is trending above some near-term support at $4.43 a share and then once it breaks out above some near-term overhead resistance levels at $5.28 to right around its gap-down-day high from last November at $5.50 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 19.55 million shares. If that breakout gets set off soon, then S will set up to re-fill its previous gap-down-day zone that started near $6.25 a share.
Chart shows a left hook with right uppercut formation accentuated by parabolic hanging chad. The cantgetitup indicator is bearish while the Google name indicator is sending a bullish signal.
Recommendation: If you have read this far stop investing in stocks.. ostrich farming is the way to go. Bullya.
Greekmonster101, you mentioned 5 years of posts. Have you been long Sprint for 5 years? Wow, that would be a long time to wait for a company to produce. I would have took the buyout money and ran fast. I am in long at current range. It keeps going down then back to current level. I fear it may be range bound in a $4.50 to $5.50 rutt. I thought the insider buys would do much more but looking into the past, Daniel Hesse did it a few times in dire strait times too.
...oh good spartaaa, well then first up for the trebuchet....it WAS voluntary... fweeeeewwwhuuump....
.....wow nice.....315 yards......three bounces......374 total.......less arm flailing and you'll go further next time.....
I am personally honor to be in the same list with such a great bunch of "ballers, shot callers and trollers".
Thank you! :)
And Marcelo, don't even think about suggesting to Google that Brightstar could help in distribution of used devices as Googles MVNO takes shape.