I have been following S since the beginning of the year. I have watched it stagnate under $2.50. I have watched it surge to higher highs and higher lows since then. I have watched it hold steady in the $5.50 to $5.75 range since the Softbank deal was announced. I feel that the recent rise in price to $5.64 is the beginning of something. I believe the Softbank deal has been undervalued and that S could begin a new climb to $6.00 and above. We shall see in the coming weeks if I am right....
Sentiment: Strong Buy
" I believe the Softbank deal has been undervalued......" u get a cigar. Ive been saying that over and over. Sprint AND Clearwire are both growing sales and revenue all the while held near these prices on merger value uncertainties. More cities on LTE each and every day, more smart device sales, more data revenue. I'm actually surpised with the fact of a $7.33 guaranteed #$%$ share purchase thats it s still anywhere near this low..once the New S share are diluted they are going to soar!! In the mean time the catalyst POP might be 4th Q report if not sooner! IMO-GL
and ps..if the 4q does cause a huge rip up, say close to the 7.33 offer, alot of shareholders might reject it aka not tender the shares, which could cause SB to up the ante to get the number of shares they want! JMO-gl
S has been inching higher in recent days. In the past, after days like these, S would have a great day that seemed to come out of nowhere. The Softbank deal has changed things, but you never know....
Between the 55% offer of $7.30 and the delusion we are talking about $6.20. So with so much time before the deal $5.75 is very understandable. It will be months before we cross $6.00. There are many traders who think they can make more than 10% in 5 months so why stay here. I on the other hand say a bird in hand and I may decide to stay in after the deal.