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Sprint Corporation Message Board

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  • teknowiz teknowiz Jul 26, 2011 12:16 PM Flag

    what's the big deal?

    the big deal is, stock is already dirt cheap and then it went down on an upgrade.

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    • There are lots of daytraders that cashed in on the open. This stock is so cheap traders are able to purchase thousands of shares so if they can clear a couple of hundred dollars they sell. When the daytrading today is done, this stock will gain for the next 10 cent a share profit. It's all about the daytraders. If this stock was at $50.00, this would not be happening. No one can afford to buy in huge volume, but shares under $10.00 are always more volatile. Just my take, Good Luck.

 
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