S - Sprint Nextel

Its hitting oversold. The three month charts aren't looking great with any indicators, shows the current trend in the market of dropping off. you could possibly play the morning green but its more then likely to drop off after the market settles. Why not wait for a confirmation on the chart to show positive momentum rather then finding the bottom always a safer play that way.

I'm getting totally over sold looking at different time frames, it would set up a nice inverse head and shoulder IMO.

well, considering the puts are cheap, you could do a married put for a long ways out if you are very bullish.

basically, you buy the shares and the put (100 shares = 1 put) and if the stock drops, the put will rise in value with the dropping share price. You can still lose money (the difference between the share price you paid and the strike price of the put + the premium paid), but your loss is fixed. Basically, you are bullish on the play, but you are protected from massive loss. Covered calls work differently and are generally a better play when the market isn't like this, but with the uncertainty of now, I am buying puts for all my plays that I intend to hold for a while.

In early January I had bought some intel at $22.70 and because of the volatility I was able to sell a JAN 22.50 call for 1.15. Then 22.50 puts were cheap the day before earnings, so I bought those for $.60 (I normally wouldn't give myself a neutral position like that, but I still want intel long-term and I would have still generated some income even though it's minuscule). I ended up neutral on my position and when it collapsed to $19 on Friday I had lost nothing.

You could do this super long-term on Sprint, but without selling the covered call.

Example:

JAN 2009 7.50 put sells for .95x1.05. If you bought that combo at today's share price of $8.7, the most you could lose would be $2.25 price in the share or 25%, not that great IMO.

Or

JAN 2009 10.0 put @ 2.30x2.50. In this case at a share price of 8.7, you are paying a premium of $1.2. So, you're maximum loss if share price stayed below $10 by JAN 2009 would be $1.2 or 14%. You do eat away at your upside and if the share price is between 10.00 and 12.50 then you do lose, but above that your gains are unlimited.

Or you could just buy the shares monitor it's daily activities, hope you don't gap down, set a stop, watch yourself get stopped out and see the shares jump later.

Sprint still has some downside short term IMO but only so much further it can go

what if it goes low after you buy? Do you have a plan set up?

Sprint 6$ tomorrow
lol

I'm very new to stocks so I can't give you advice on investing but I was a vice president for Sprint a few years back and let me tell you if they can mess things up they will. They are losing thousands of customers every month because of poor service, bad customer service and a bad attitude... Most of my friends retired or quit in the last 3 years because they saw no future in Sprint... my 2 cents.... These guys here on this board have a lot of good other picks that really have a chance of making $$ I'd review the board to see what picks they are investing in do my own DD and go that route..... another 2 cents worth....

ya

i thin k the bottom is coming soon for sprint , but they will return to greatness and either be bought out or aquire more rivals, could be great botom play

Sprint is in debt....i think Wallet is right.... 6 then 5 the 4....

Definately going lower but will find the support levels around its 6 year low at 6 bucks. Not sure how it will hold but will find it soon IMO

SPRINT IS A LOOSER

Neing somone who manages telecom for a company.. I knew Sprint was going DOWN for a WHILE!

THis is THE WORST phone company I have EVER EVER EVER dealt with...

Two years ago I pulled ALL of our Celluar contracts from Sprint and moved to Verizon! I HATE Sprint with a PASSION... Horrible customer service!!!!

This is NO suprise that customer are leaving in droves... THEY SUCK!

I will never ever buy their stock.

I would rather be in Q Quest. The pay a nice dividend. This one seems dog bit.

Its attractive from the viewpoint of book value if nothing else. Trading at less than half of book, a larger company like at&t could easily swallow them at a huge discount. And the new CEO is making sweeping changes with upper level management. This company isn't going anywhere.