Kind of adds up to someone already knowing that the news will be a beat. The only question is by how much?
Yes that is what I am indicating. When I get to have billions of dollars in my account I can do it too. Lots of others seem to get away with it consistently, why not me too?
The big boys know Sprint cannot say anything bad at earnings because it would derail a possible deal with T-Mobile. They are playing for a pop and large bonuses!
What a strategy! Big boys push selling a few hundred thousand shares first thing. That drives the price down and the momentum sellers pile in. Big boys then buy back shares (in volume) to lower their average cost. They know the company can't say anything bad at earnings because it would derail a possible T-Mobile deal. Stock pops and big boys make more billions for the quarter. I have to get me a job like that.
A six month chart shows only one day with a lower closing price. Then the stock jumped up $2 before starting to fade again. Softbank's 250 year plan looks doomed with a major asset like Sprint losing over 10% in just over a week... unless Son just has his rose colored glasses on and figures everything will be okay in the longer term.
That 400K shares was worth less than $3.2 million. A 1% loss of a $33 B company is $330 million. That is some leverage of destruction of value! This thing needs to pop 20% just to get back to where it was a small number of weeks ago.
A 250 year plan for Softbank, huh? Sprint is a major holding and dropped nearly 10% in a week. How does that fit into the overall plan?
Just this morning you said the 15 minute aroon was indicating another buy signal. You have amazing skills to make predictions both ways and bump whichever comments support the stock price direction AFTER the fact. The fact is that news moves stock prices and creates that landscape you hold so precious.
3 million shares for about $25 million in value. Stock is down nearly 3% for a cool billion dollars flushed away.
... stock drops 1.5%. On $33 billion market cap that's nearly $500 million erased on the $6.5 million traded. Talk about leverage! Hope it works the same on the up side.
You suppose Mr. Son can just buy out the rest of Sprint to avoid these daily fluctuations in the stock price that give him headaches? It's amazing to watch a million shares (value approx. $8.3 million) move the stock price 1%. That 1% of a $30 billion company is $300 million. That's fine on the upside but a real pain in the back on the down side.
If you were around 5 weeks ago you could have bought all the shares you wanted at $7.30. Please keep that in mind!