Hopefully explains late CC.
Why did I buy this POS? I was betting on I industry consolidation and Son's master plan and some major unknown yet to be revealed (or even leaked... Which is worrisome) plan regarding the idiotic Radio Shack deal.
Never that's how it works.
But tomorrow is opex Friday.
I'm long but my money is on the shorts. They are more nimble and it is an active not passive focused sport.
But the bet is on the technology, and the likihood of buyout.
You don't like it put your money in Verizon they pay a divi.
If you came here cause you were greedy and wanted to make big bucks don't cry when you are competing against other greedy folks.
Lastly if you dont have the nuts either grow some, or get out of it cause this will drive you nuts.
I have about 20% of my net worth in this company.
I realize I may lose some of it (but not a chance I will lose all.)
I am never looking for 6% returns. i am looking for 1000% returns.
I'm a gambler only difference is I have limited my downside risk. you go to Vegas and you lose a hand you lose it all, you roll the dice wrong you lose it all, Here you can wait it out.
Now let me ask you something you think some best and brightest hot shot well funded and conncected are going to figure out a way to raise their stock price, whether they make something or not?
Look at the incentives.
I make bets on bankers remaining shysty all the time, and I win all the time.
Just it doesn't work on your schedule.
No, it has to do with
1. There service sucking
2. That being the case for a long time
3. An oversaturated market
4. Smart people, unlike you and I, taking a wait and see approach to the business turn around.
5. Even smarter people having better stuff to do with their money
6. The whole "not profitable lots of debt thing."
Turns out investors, myself excluded, generally buy stocks in companies that are already profitable and show a likelihood of staying that way.
Now as far as buying sprint, or holding sprint, based on some as yet undisclosed master game changing plan. Like perhaps they will be selling tacos in the Radio Shack stores. Or some other big company googlish tie-it. Real investors are fine to wait until the see something, as they are busy making money in other stocks.
Really the main problem is that sprint sucks. But there are still some ways to win, a merger, which seems likely just due to synergies within the industry. Or some long term IOT robot thing that Son has plans on.
So I am in this for 100k$ at 4.87 average. Bought some last week. This is (was) my thinking.
First off, the whole "we need retail outlets, brick and morter...." thing is so stupid and ridiculous and makes so little sense that the only thing I can imagine is that the Marcelo and Son don't have some sort of master plan.
Now I am thinking that may not have been sound logic.
By the way, this does point to the idea that buying Softbank would be a very good idea, as the exchange is now in our favor.
The yen was at 82 when he bought + he got some 1% interest money. This is news from yesterday. "The dollar soared to a 13-year high against the yen and rose against the euro Friday after a solid U.S. jobs report signaled a strengthening labor market, bolstering investors’ expectations for higher interest rates in September." It is now at 125.616. If he sold half his holdings now he would have gotten the rest for free. The depth of your ignorance is remarkable. You should not have children.
Son has a plan. but he sometimes expresses things in hundred year increments.
The street will realize shortly that if dish and tmobile we worth more as a merger so are sprint and whomever else they end up doing business with.
the problem is if you are retail you just have to sit and wait.