EchoStar Shares Rise on DirecTV Suit, Oregon
Littleton, Colorado June 7
(Bloomberg) -- EchoStar Communications Corp. shares rose as
much as 14 percent on optimism that a lawsuit against
rival Hughes Electronics Corp.'s DirecTV and a ruling
against AT&T Corp. in Portland, Oregon, will weaken
competition against the No. 3 U.S. satellite-TV company.
EchoStar rose 13 1/4 to 139 1/4 in late trading of 1.27
million shares, more than twice its three-month daily
average. Earlier, the shares touched a record 143 3/8.
The National Rural Telecommunications Cooperative
sued No. 1 U.S. satellite broadcaster DirecTV last
week to enforce its right to sell HBO, Showtime and
other premium programming that DirecTV acquired when it
bought U.S. Satellite Broadcasting Co. Analysts said
EchoStar could win more customers while DirecTV, which has
countersued, is distracted by litigation.
case, a federal judge ruled Friday that AT&T, the No. 2
cable operator, must allow outside Internet-access
companies to use its cable systems in the Portland area.
The ruling, if upheld, might erode cable's
``There are a number of things in
aggregate,'' said Bear Stearns analyst Vijay Jayant, who has a
``buy'' rating on the stock. ``I suspect there are a lot
of retail buyers moving the stock on a mix of
He also said Littleton, Colorado-based
EchoStar rose as ``short sellers'' -- who had sold
borrowed EchoStar shares with the hope of profiting by
buying them back later at a lower price -- were forced
to buy shares to control their losses.
``There's a short squeeze,'' Jayant said. ``You hit a
certain pressure point, and the shorts have to buy.''
There were 519,055 EchoStar shares sold short in May
and 595,528 in April. That's compared to 312,415
shares in March.
B.G. Is DISH great or what? I think DISHplayer is
going to push us to new heights (as if we wern't
already there). I don't know about the rest of you but
DISH keeps making me wonder why I haven't bought more
of it and less of my other stocks. I better hurry
and order my 7100 before I can't get one and they
rethink the $199 pricetag. S.B., are you enjoying this
ride as much as I am? Good Luck All Longs! A.G.
Thats why I'm not trading with this stock. Will make more just holding than trying to market time, especially right now with so news coming out. Let us know when you get your dishplayer. SB
That 150 target by 2000 may have to be updated
the way it looks. A.G. I wonder if they changed the
marketing stategy from HDQTRS to dealers this weekend
because of the strong demand. Maybe they will have order
direct after they can get the supply back up but with
all the good press that may be a while!! I am loving
every minute of it!
The longer I own part of this company the more I
love it! All longs should be proud of their foresite
in investing in a company that not only makes huge
gains, but that also has the wisdom to return something
to the community.
Congratulations to Charlie and all DISHeads!
P.S. Bite me
His calls and reputation are ready to collapse.
This stock is going to at least 150 , before it
retraces any of it's gains. Don't listen to short hyping
idiots. follow your tech analysis and do your DD on this
stock. Good things are happening at DISH..
I have been reading your posts for over a month
now on DISH. And you what, you haven't been right
yet. Not one time in the last four weeks have you
predicted the movement of this stock. I've been getting fat
and rich on DISH and it's going to continue. Do me a
favor give me solid reasons why dish is overvalued, you
won't be able to. Just like everother internet company
who has no profits stock prices are sustained because
of the high value that the future holds. Down the
road the weak will fall off but considering there are
only to DBS companies out there DISH will escalate in
value for the next year at least. There's nothing I
like better than to see the shorts no longer show
there face when the stock keeps going up. Good luck
shorting DISH I hope it makes you file for government aid.