It's awfully close to $4 already for you to be predicting that it won't hit $4. I can't say for sure which way the share price will go, but since you have gone on record with that prediction, your credibility is now on the line ...
The current price clearly reflects the negative environment and the chance that the company could go under if things don't pick up. Having a cell phone in America is a necessity though, and Sprint is very competitive with their products, I know many people that use them and are very happy with them. Business people, professional people use Blackberry (rich market), poor people use Nextel prepaid (big market). All I am saying is that hype comes first, then fundamental changes in better sales etc., but Spring has good products.
I've been writing crap about S here for awhile now. It's all true facts. I couldn't care less what news comes out.
It's the news releases from S that fuels the hype and the lemmings that buy into.
Facts are facts. 2009 loss, 2010 loss, same with CLWR.
So, yeah back up the truck there junior, fundamentals don't mean shit when all those news releases are pouring out of the company itself.
You guys disagree or make statements not based in fact...just based on recent events.
Let's see, recently S went into a down trend. Recently S did dillute shareholder value with the Acquisition of Virgin and they're set to do it again.
Cheerleading doesn't move a stock. Fundamentals do and from the looks of Sprints.....that's enough said.
Since March, cheerleading has indeed moved stocks. Be that as it may, speculative stocks like Sprint rarely trade based on facts or fundamentals, anyway. Sprint's share price will continue to be driven by expectations (in other words, who can cheer the loudest) ...