Watched on CSPAN the telecommunications
conference hosted yesterday in Wash DC and listened to the
many corporate CEOs, big and small, discuss how to
better reach rural areas, reduce prices, increase speed,
share copper and fiber, hindered competition and
dealings with state bureaucracies, etc. Agree with you on
the best dancers. WCOM and AT&T were first speakers
and were strong as were many other big names. Much
discussion on speed, movement towards the better broadband
capability, but also the somewhat higher cost. What is clear
is that the big guys are going to get the smaller
com fish sooner or later through management ability,
generous buyouts or wipeouts. You could fell it in their
ability to discuss the issues in a global text. States
were cited as impeding competition and services. SOFN
broadband plus satellite capability is visionary, key asset
and the future, just a matter of time. Just take a
look at what GPS has done for us and - satellite use
in Europe for the Europeans (not to talk about a
common cellular standard !!!!!!!!). You're right in
thinking a bigger suitor!
Doesn't it stand to reason that the other players
in the space see the writing on the walls??? I would
say that Sprint or MCI/Worldcom has a lot to lose if
they don't get a broadband solution soon. This would
be a cheap way to get in. IMO
I have heard
the Adelphia thing before. It is my understanding
that this has been a slow dance.....
Noted much positive board postings these past two
weeks with little outside clutter. All are doing an
excellent job on posting SOFN report findings. CNBC SOFN
pre-airtime warning, the fact that it did appear, subsequent
apologies and thanks have made this board excellent
reading. Best that I stay off on the sidelines as a less
knowledgeable and give way as many others are quietly doing.
But thanks to about 6 of you! Thanks twoecho,
mountain goat, My2cents, highbloodpressure, the y�s and
the z�s and hodeedol for many accurate inputs and to
others unintentionally not mentioned.
Market looks to still go up. The whole sector has moved
positively. Comparing past well discussed comparisons of HSAC
to SOFN, comments on CNCX or AOL for that matter;
institutional % holdings reflect HSAC � 4%, SOFN-31%, CNCX-58%.
Seems to me institutions don�t find HSAC an attractive
buy and are voting with their feet. Why would there
be a HSAC take-over. Comparing current assets to
liabilities, long term debt, debt to equity, cash, I think
SOFN is better postured. I think HSAC is a good stock,
but not as good a holding as SOFN. Also agree with
you twoecho on forthcoming short squeeze if we have a
good start next week,
Good luck all; I�m back
to my tower position as a quiet heavy SOFN holder.
Any positive movement Monday after the last three
days will have the shorts questioning future solvency
and covering, adding to the already growing
momentum...look at charts for the last three days and notice how
price and volume have increased hand in hand, that is
the way the big rallies start, not end.
or pennant form off the Sept 10 price bar. This
is a form of consolidation in an uptrend where the
price bars drift sideways and slightly lower after
shooting straight up for 2 or 3 days .
The stock will
use this period to regain it's strength before moving
Adelphia just bought all of Galaxy Cablevision's
equity. Galaxy cablevision is one of ISPC's largest MSOs.
So, SOFN is already doing a deal with Adelphia in
that ISPC already has seven Adelphia (Galaxy) systems
launched with more in the wings waiting for installation.
These systems are in Mississippi, Kansas, Missouri and
As for AOL...it could be true, but I don't see why
it would happen. This is why: AT&T, AOL and TCI's
partnership already line AOL (AT&T actually) up to be a cable
modem service...with TCI as the carrier, AT&T as the
backbone and AOL as the provider. With this in mind, I
don't see why AOL would have an interest in SOFN...but,
I could be wrong.
also. I primarily use the 13 and 50 day moving
avgs but there's lots of other indicators to look at
besides moving avg's.
Short term SOFN is overbought
on the stochastic but doesn't mean that SOFN will
definitely fall. I like the way the longer term indicators
look . The RSI and Momentum Oscillator show that SOFN
is still in the very early stages of the cycle.
Cycle's can however be cut short . Another popular
indicator is the MACD. The Macd looks very good. It's
trending nicely . I bought SOFN on a positive divergence
in the Qstick back on Wed. The Q is another
indicator I find very useful. It was indicating that SOFN
was lagging behind the Qstick and so I bought when I
saw SOFN breaking out of a small consolidation
thinking that perhaps it would correct the divergence and
that's what happened. Looks like 25 was resistance and
should now serve as support.
just looking at a few more charts...the two
biggest moving averages the techies look at are the 50
day and the 200 day, and we actually broke above BOTH
of them with yesterday's close, and on very strong
volume. This is very bullish for sofn, so I am very
positive about our prospects near term. Anybody else? Oh,
and I am still hoping for news that would make the
T/A moot, just take us to 40, 50, ok HBP 60+ right
away and we're all happy.
well, we closed in a good position, held 26
(actually a 5k block after the close at 26 1/4) and broke
both resistance and the 50 day moving average on 3x
normal volume. This should really help get (keep?) the
ball rolling as long as the market doesn't tank, and
with the friendly jobs and ppi numbers, all we need is
a non-disastrous cpi to help the overall market
As far as the message from the rb board, anybody
have any idea what the mentioned adelphia deal could
be and what it could do for sofn's price if no
buyout by any of the other rumored players? Pretty heavy
call buying the last 3 days of the week, both for
September and October, along with the increasing volume,
make it appear as though somebody may know something
is coming soon. Any ideas for price action this week
with or without any deals? (obviously a buyout would
fix price, but where do we go with deal other than a
buyout or just keeping momentum).
to a good week.