Sprint is going to change the mobile world. Once Evo 4G is released, skeptic investors will join the bandwagon. Until that happens, Sprint should be accumulated. Investors who invest before the bandwagon peaks will benefit the most. I bought Sprint at $3.86 and have been accumulating as it goes on sale. Past few days have shown a strong resistance although the general stock market fell significantly. I don't think we will no longer see 10% drop in Sprint price anymore, but any buy below $5 is still a good buy if you plan to invest long. I believe that 4G will have a huge impact and will change how cell phones will be used. Sprint is a hold till Verizon can compete head to head in the 4G market. Until that happens, Sprint will take away subscribers from AT&T and Verizon.
I do believe that investing in bond at this point is stupid. Maybe 2 weeks ago, bond was a good idea. But now, cash is the king. Market is reaching 10% correction; therefore, there will be a strong resistance to any downward movement.
You can invest anyway you want. You are old fart that needs fixed income. I am young that can tolerate some risk and higher reward. I believe that Sprint is a good investment to have right now regardless of Europe fear. We will see how well Sprint does after June 4th.
Grasshopper Jr. - Your wisdom is beyond reproach. I am sure such an intelligent youngster like yourself is so confident about this economy. Being the baby boomer generation is getting ready to retire, look for an extraction of huge 401k monies from stocks. Look also for, concrete investments and returns.
Ahhh.....old wise master....so which bond are u suggesting? What makes you think Europe can continue to push the market down....I think Europe noise will be tuned down in few days...it's getting to be an old news. Maybe a bond was good 2 weeks ago...but now...it's better to hold cash to react quickly when market goes up. Europe is getting old...just like you.