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Sprint Corporation Message Board

  • samsonp65 samsonp65 May 4, 2011 6:35 PM Flag

    Carter Worthless....

    Panned Sprint at $4.70, I'll tell you something...when Fast Money comes on CNBC, your First Move should be to find the remote and switch channels.

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    • yes he did, but this brings up a big bullish point for Sprint.....most of wall street is seriously under-invested in's been out of favor....

      but now...ooooppps....gee, guess what, Sprint is expanding, Sprint has a huge Spectrum position, Sprint stands to get a windfall from AT&T divestitures (estimated assets about equal to the current market cap of Sprint will have to be sold by AT&T at firesale prices), Sprint has the most potential since they may still get 4G-iphone, are the only carrier not sucking wind for Spectrum, only carrier offering truly unlimited pricing (ask any new AT&T customers how fast they go through 20 MB of data...and how they like those push messages that they were just billed another 20 bucks.....LOL)...etc....

      • 1 Reply to greekmonster101
      • also, if I might note, this is how it goes on a stock like this...the thing trades endlessly in a range, most everyone gives up on it breaking higher, key analysts pan it on a run up.......guess what happens, big institutional money steps in, scoops up all the shares of everyone who doesn't believe it can go higher, and then the buying continues.......shorts suddenly realize they have been duped and have to scramble to cover.......

        ......this is why I say that we need to see a big move up in Sprint, $2 I would say, on extremely heavy volume, 350k+ shares, preferably 500k.......such a move reflects a transfer of ownership from weak handed trade oriented small profit retail and shorts over to strong institutional hands for a bigger run..... other words the retail guy buys at $4.50 and is out at $5.00 and is happy with his $5000 profit on 10k shares.......whereas institutional money is buying in the early stages of the move at $5.00...and keeps on buying while retail bails......then the stock runs to $10 in about a week...and suddenly EVERYONE loves Sprint......institutional money starts selling happy with THEIR $50,000 profit for each 10k shares........LOL

        Of course it's difficult to say if the time for the big run is now...but there are some nice upcoming catalysts that would support the stock selling at $10 or higher

        you're post was a good one because it captured the frustration of the retail guy whose happiness over the $5000 profit is fleeting, as he watches the stock he just sold ramp up to twice the really has to segment their holdings.....if it's a trade, it's a trade, if it's a hold for the big move, then it's a can of couse use a hybrid approach, big institutional money, for instance, tends to hold a core position and sell some portion of it to keep averaging down awaiting the time for a big can see this action in Fidelity's holdings of Sprint for instance.....they've traded on a portion a number of times.....

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