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Sprint Corporation Message Board

betasplen1 251 posts  |  Last Activity: 4 minutes 24 seconds ago Member since: Mar 2, 2004
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  • Reply to

    Survive?

    by fernmann7 24 minutes ago
    betasplen1 betasplen1 4 minutes 24 seconds ago Flag

    All scenarios point to canceling the stock? Do you understand they have less than $140MM in debt? If the schools sell for $240MM combined (which is more than a 50% discount), that leave $1 share for the commons. May not last there but that will be enough news (and there is lotsa juice) to take it there...

  • betasplen1 by betasplen1 14 minutes ago Flag

    I always wanted to say that....

  • Wow!

  • After making an intrepid move to load the boat while others were shouting fire upon a smouldering heap, Shah Capital (11MM shares as of 9/30) is slowly but surely reaping the fruits of a contrarian. I'm guessing their cost average should be in the 70-80 cent range. So, do the math. I expect Dimensional Fund Advisors (3.3MM shares as of 6/30), Fidelity (3MM shares as of 6/30), Vanguard (2.4MM shares as of 6/30), Credit Suisse (2.2MM shares as of 6/30), Nantahala Capital (1.4MM new shares as of 6/30), Barclays (1.4MM shares as of 6/30) and "Beta" (1.05MM shares as of 10/21) to play along with Shah to squeeze the greedy clan. That is 25MM shares right there, locked and loaded. I believe that Beta dude will be selling little lots along the way to keep the fire going - that is his specialty.

    PS: Commonwealth Equity Partners joined the fray by 9/30 as well, though with only 42K shares.

  • Reply to

    Open $ 0.24. Close $ 0.38

    by camiotrichard 13 hours ago
    betasplen1 betasplen1 1 hour 20 minutes ago Flag

    Your open seems like it is playing out. Already up to a quarter in pre-market, more than 90 min before market open. Hopefully your close is accurate too. From the early short panic, I won't discount such a lofty target and it is definitely in the realm of possibilities. I am thinking more like 28-29 cents for another 40% day..

  • Reply to

    ESI money flowing in?

    by betasplen1 21 hours ago
    betasplen1 betasplen1 17 hours ago Flag

    Listen up troll secretaries: I sold as many shares today as all the insiders did in Aug and Sep combined. If you didn't get my point, which is most probably the case, their sales amounted to peanuts. Enough with the same rhetoric. It's just white noise to the current longs and institutions...

  • Reply to

    Yo Beta...

    by sf49ers17 Oct 21, 2014 11:08 AM
    betasplen1 betasplen1 20 hours ago Flag

    Hoto, I will only guarantee 85 cents by Dec 31 - LOL!

  • Perhaps traders are rotating profits from ESI into COCO. The sale news will take this to 85 cents at least. So, we are still looking at a 4 bagger from here. I sold 160K shares today in 8 lots or 15% of my holdings. Didn't expect this big of a run so early into the anticipation phase. My sell limits are now 1 cent increments above 20 cents, 2 cent increments over 30 cents and so forth. Hoping there will be one monster gap up on the day of the sale and most of my shares will sell there and above. It will take over 50 trades for me to exhaust my position. What happened to the troll? I need someone to track my profits. LOL!

  • Wall St is literally giving it away right now. Triple digit growth, earnings coming up, promising pipeline and maybe Ebola mania added to the mix. In for 20K shares - Enough for now.

  • Reply to

    Hedge funds

    by grandescojoneswtf 23 hours ago
    betasplen1 betasplen1 22 hours ago Flag

    How do you know? Unless you consider me a hedge fund - LOL! I bought 10K shares just now. Rapidly increasing sales, leadership position in the gel space, company trading at little over cash and potential Ebola mania. I'll average up over the next few days.

    Sentiment: Buy

  • betasplen1 betasplen1 23 hours ago Flag

    My selling is fueling the run. more than their covering - It always does! But I am only selling in small lots. I have over a million shares and so 20K shares hardly makes a dent. This should go parabolic when short panic sets in...

  • Reply to

    Yo Beta...

    by sf49ers17 Oct 21, 2014 11:08 AM
    betasplen1 betasplen1 23 hours ago Flag

    The distribution phase is probably over. The MMs will now start taking out any cover limits set by shorts and make them pay up. It should get interesting once it crosses 20 cents as panic will set in.

  • Reply to

    Yo Beta...

    by sf49ers17 Oct 21, 2014 11:08 AM
    betasplen1 betasplen1 23 hours ago Flag

    Wow - my orders are being taken down like the Royals yesterday. 5 orders (100K shares) filled. 3MM shares traded already!

  • Reply to

    Yo Beta...

    by sf49ers17 Oct 21, 2014 11:08 AM
    betasplen1 betasplen1 Oct 22, 2014 9:13 AM Flag

    Hoto, since we made a pact, let me be transparent with my strategy. I am placing 20K limit orders from 17 to 20 cents in half cent increments just for kicks. This is only for today and I will keep raising the limit prices each day, if it moves up. These will hardly make a dent to my total position, even if they all execute. And I have commission free trading with Merrill anyway. The objective is to kick-start the uptrend. Whenever I sell anything, the price goes up (like 49er found out for himself). Pre-market ASK is 15.4 cents. I hope they all execute today though it is quite unlikely without any news.

  • Reply to

    Yo Beta...

    by sf49ers17 Oct 21, 2014 11:08 AM
    betasplen1 betasplen1 Oct 21, 2014 3:15 PM Flag

    Hoto, I think you misunderstood. I haven't sold any COCO shares at all. My target is still 85 cents unless they don't sell by Dec 31. I was just telling 49er that I am not well-versed in the art of trading.

  • Reply to

    Yo Beta...

    by sf49ers17 Oct 21, 2014 11:08 AM
    betasplen1 betasplen1 Oct 21, 2014 11:54 AM Flag

    49er, I suck at trading. I am still reeling from my ESI sale last week! It has more than doubled since then! So, I am probably not the best to seek advice. That's why I have held through the gyrations. The volume is big today but the price is not out of control since there is no news yet. But the last 3 days of price and volume action leads me to believe 20 cents is more likely than a dime this week. Sorry I can't be of much help...

  • betasplen1 by betasplen1 Oct 21, 2014 10:22 AM Flag

    Perhaps shorts are realizing that they will have to pay much higher prices next month if they don't start taking some profits now. Or hedgies are positioning for the squeeze by buying here. Quick, I am not too concerned about significant short covering at this time. I think only 2-3MM shares were covered so far from last week, if even that. The anticipation of the sale has begun but both sides have already shown their cards. Nobody is budging till the news is out.

  • betasplen1 betasplen1 Oct 20, 2014 11:38 AM Flag

    mystery, Nice to see a positive spin in the press for a change. I have held long enough and incurred large enough paper losses last week to be able to hold this through till the announcement. No point of selling for breakeven now, no matter what the MMs do between now and the sale. Hoping for 85 cents but will be happy with 30 cents as well. The problem with selling (like others have done last week) is most probably you will be out of the game when it actually begins.

  • Reply to

    Upcoming campus sale announcement

    by amysteryman2003 Oct 17, 2014 2:26 PM
    betasplen1 betasplen1 Oct 17, 2014 3:38 PM Flag

    "The sale price will probably make today's announcement look very small in comparison."

    I think that is an understatement. If a significant sale is announced (more than half the campuses), this will open up in the 50-60 cent range and run from there. My target is 85 cents. I don't believe there is that much short covering today - perhaps 2MM shares at most when the price went ballistic from 13 to 18 cents in a few minutes. The rest is institutional distribution into stronger hands, waiting for the sale announcement. Short interest for 10/15 should still be around 23MM shares and so we are talking about 10% covering in the past 2 days. They were lucky today since there was distribution going on. When the real news hits, there will be no such reprieve IMO...

  • Will probably get half a million shares before the month is out. Lots of possibilities from the spectrum sales, re-org and high short position (18MM shares as of 9/30).

S
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