1. That bankers will stay shysty.
2. That congress will trade on insider info and that ending conservatorship has huge potential as a $$ deal and can be spun to positive political advantage.
3. That they couldn't do away with FNMA if they tried.
4. That it is in fact a great system that had inefficiencies that were exploited
5. That government is corrupt
6. That the hedgies have enough connections and money to get the job done via bribing (lobbying.)
If you believe all of this, then FNMA FMCC stocks should rise to above there previous highs, but even if they only recover 20% of their value you would wind up being a very rich person indeed, the quarterly dividend could potentially be about the current share price.
Wow, ok so on the sprint thing. He bought with 1% money when they yes was 80 to 1 now its 118 to 1. This was a value play hedged by a a currency play because the banks were giving away money. Sprint was a very good bet. He can afford to hold and wait and he has a lot of ways to "win" on the Sprint deal.
Had he left the money in the bank, which in this case means "unborrowed" he would have had an opportunity cost of 30% and would have had a forever diminished position.
There are different scales for measuring value that most people don't get.
I am a location scout in Los Angeles, I just bought a prius becuase I drive about 50k miles per year and I get remibursed .55 cents. I had a lexus gx470 got 12 miles to the gallon.
I had no choice but to "buy" the prius, because it was effectively "free"."
So look, if Son sells Sprint for the same price he bought for he will make billions and the dollar is only getting stronger.
I like the whole "the market maker is holding it down" theory. The fact is for ever sell there is a buyer.
The "there's money to be made here" theory seems to be "management didn't express results correctly" or "results were misinterpretted by financial types" or "selling lead to more selling, led to more stop losses, lead to the computers taking over...."
I am willing to bet on that. It has shown big potential upside. But that is based on nothing more than instinct and my own desire to get rich quick.
Now that is ultimately what I bet on, I bet on trying to anticipate what other investors will bet on.
That stratedgy has made me make, and lose tremendous amounts of money. Luckily I make more that I lose. I am in this stock at about 6.80. I feel comfortable that it tested a bottom. But little more than that. But how can you trust a guy that can't even spell stradegy?
Absolutely.... the talk is even a good start compared to that clown Hesse. A little bit of walking and the fact that he us a billionaire and has already created/disrupted an industry is encouraging as well. He also has better things to do than fail at turning sprint around. Billionaires don't move their families to Kansas city to screw around.
All the firing people is great and everything, and they aggressive pricing and it does help to have a CEO with vision who appears to give a dam about the share price (as softbank is for 80% of the shares.) But the whole #$%$ service things is not a winner. This is a bet on merger, IOT, or some other play. Sprint sucks.
As far as earnings, they aren't going to make money. Hopefully there will be a rumor or news of a merger. It is the direction things should logically head. Unless there is some great use for the spectrum, an Apple mvno or a Google this or that this is going to work.
As far as the self driving car thing, the cars would crash. As far as the watching dish over wireless thing, the TV won't work.
Not sure how much money there will be in having your car send oil change info or you refridgerator telling you the milk is going bad, especially when it only works on sunny days and when the wind blows right. Besides my car connect in the driveway to wifi, fridge can too. Technology is heading in the direction of solutions for which there is not problem.
Take it from an early adopter, I work in film and was a google glass explorer, that thing sucked.
Sprint is like sears, a holding company for spectrum real estate.
Yes i am long, and have made a ton of money on this, but let's call it what it is.
So this is an asset play, and in Son's case h saw a strong dollar ahead and they were giving away money in Japan so he bought it partially as a currency arbitrage. And in that he has done very well. In october 2012 Jpn to usd was 80 now it is 108, Something like that.
AS far as subs, ipad plans show some promise. I am also a democrat but if the pubs get in, and they will, Sprint will be able to bribe the tmus merger into being.
Yeah, but these are easy to make, I got burned by my own greed, was up 43k this month and now down to being up 35k. still it is a lesson. I think selling will continue, only reason not worse is cause people out west habve not woken up yet.
I always post my trades, lots of winners, I day traded went up 3000$ and am holding 8000 shares at 6.60. sometimes I lose too. not sold yet.
Very interesting, no stops, no panic, the people that are in this are in it.
Amazing for a money losing basket case of a company, with crappy service, it is holding very well.
I am holding it not for what it is, obviously, but it what it can be, also betting on a merger, operating agreement or some other liquidity event.
But the most remarkable thing is that is not dropping like a rock, especially under these circumstances.
Remarkable. I would call 5.80 a very well tested bottom.
Now it is just a lottery ticket with about 5 ways of winning. i bet earnings won't move it more than 20 cents. If it does well, it will just lose less money, and if it does poorly, it will lose money and noone will be surprised anyway.
Kinda like the last earnings, market shook it off.
Yes the chinese will buy it or the japanese, but most likely the chinese.
The reason is so they can spy. They were locked out of spying and the sale of routers via Huawai (or however you spell that.)
They have endless money burning a hole in their pockets, but mostly it is about the spying.
I bought it post merger for 6.40 and sold for 9:50 a few months later. Bought it three weeks ago for 5.66. Sold half at 6.78.
Yup, the dish deal was a fix, that is why clwr didn't get bid up. That is a forgone conclusion.
There is a big vision masterplan at work.
I agree. If they don't show a major reaction baed on price this quarter, they can be considered dead as they don't have any more powerful tricks up their sleeves.