Was nicely up to 5.76 now back to 5.72 in a flash
Every cent move for S is like passing hard stool.
I am sure you will see some profit taking by years end for tax reason. The rich folks will pay more in taxes.
Sprint has been losing more money with each passing day for the past 15 years. Nothing has changed but
the debt is massive and growing.
Sprint missed the cell phone boom and the smart phone bubble too. They are comming the game
with not much growth just a price war in the making.
The only people who have made money on Sprint in the past 30 years are people who sold the stock. Sprint is down from 75 dollars and have never paid a dividend.
Take your money and run. You make money on this pig. Do not let it suck you down.
I disagree, SPRINT has bright future after Softbank completes acquisition and shareholders stand to profit even more.
There is more skepticism as time goes along about the profits left in the cellular area. That is just my guess.
S has been stuck in a trading range for the past 60 days - bias is probably lower as many who have significant gains will sell before the end of the year to lock in existing capital gain tax rates.
Once the dust settles re: SB deal and overall outlook going forward I think we'll trade higher.