S - Sprint Nextel - Page 56

If this drops to $2 again I will buy. Just waiting right now.

 

 

I've been watching S for months and just cant find an excuse to buy it even though I want to as 3 - 5 year long.  The only + I can see right now is the iPhone subscribers but they appear to be loss leaders.  The company is hemorrhaging cash.  Why buy?

I think most are just trading it...not buying and holding...
 

 

Oldfart is right. Sprint is only good for trading. I will not keep it for long term or even 401K.

i used to really sprint, but not so much anymore as far as a stock as far as a company, i know more and more business's over the past quarter dropping them and spending more money on a better and faster more reliable network (includingng my own, just moved 54 phones going to AT&T. and were thinking about moving 35 laptop card lines too). and i know of 2 other companies about to do the same with over 300 lines each.

 

these kind of things happen all the times with all carriers, but ive seen more and more people doing it for this one. and think sprint will never catch up to the big dogs at&t or verizon. 

Anyone know why S shot up today? Tempted to buy into some puts, but can not figure out why it shot up so much today.

Careful the volume is pretty impressive. Buying puts might come back and bites you.

Yeah Im holding off for now

Agree with Dan, S came up as a possible long play for me this evening, although it is not really my kind of stock anymore. A strong open on good volume, holding 2.45 or so in the first hour, this could run up to around 2.90 short term. Heck a run at the 200-day isn't out of the question.

I agree, a lot of this run-up is probably just traders, BUT! Might as well play along and use a stop to limit your losses. I'm currently looking to get in at $2.35 or lower. If it breaks the $2.55, then I might jump in and ride the ride for a little while. (Have you guys checked out Trading View? I just joined yesterday, but it seems pretty legit.. and free)

https://www.tradingview.com/v/ENtfkHCB/

http://www.akascope.com/2012/02/25/sprints-board-rejects-sprint-metro-pcs-mergers-hours-finalized/

I Will be watching S this week

Big gainer for the day, I hope traders were able to grab some on the pullback to the 2.40's

Edited by apples4oranges - 3/9/12 at 8:24pm

Got 500 at a price just over $2.1.  Kept some freebies on that first ride up to $2.51.  Added 300 at $2.25 and am still a long for the ride.  About 1500 bucks, just to see where this thing can take us?  I couldn't refrain from getting some of this.  I felt the same I felt about Ford when it was a around $1 a share back in 2008/9.  Back then I was saying to myself, there will never be a United States without a Ford.. Not sure why I didn't pick up a couple thousand shares back then for a couple grand and holding a couple years..

I agree with you regarding Ford but its not a good comparison with Sprint. I am pretty sure the US can live without Sprint since we have VZ, T, Tmobile. I am long Sprint to an extent because Tmobile is the only right now without the Iphone. I have been talking to Tmobile corporate employees who say that a Iphone deal is in the works for Tmobile. They said by Q3 they should have the iphone from my understanding and if this happens, Tmobile will be back on top because of how cheap their plans are. Once Tmobile gets the Iphone, I do not think Sprint will be able to stay competitive unless they get bought out or provide better pricing. There were also talks about how Sprint will eventually remove the unlimited plan and have agreed to extend the plan for another year.

 

I even thought about switcing over to ATT or VZ but the pricing doesn't justify. I would be paying 50-75 extra a month if I switched, which doesnt make sense to me. Right now with Tmobile, I have the My Favs plan (similar to ATT A-List) which includes 1800 whenever minutes, I have 5 lines, 2 lines with data plan, unlimited family text, unlimited night and weekend, unlimited tmobile to tmobile for about $200 with tax.

Dont forget US Cellular, they dont have the iphone either
 

 

Read last night S is being pulled off the S & P 100

Oh no. Now it'll be called the &P 500. :( Just kidding, but I'm not going to be surprised if Sprint does get removed from the S&P 500.

No doubt with that statement.  I couldn't agree more about the 2 companies, not comparable at all.

 

t-mobile really wants to get out of the U.S. markets though...it is not profitable for them to stay here. & i agree that T & VZ are good companies that are going to stay... S's working capital is ridiculously high (mainly from WIP) & it's inventory turnover rate is absolute crap which all negatively impedes on their cash flows, eps, retained earnings, etc.

 

telecom in itsself is a lagging industry ATM with new technologies like 4g LTE sluggardly trying to overtake the older UMTS/GSM technology, while even newer technological releases such as LTE advanced (only approved by the 3gpp about a year ago) are already making an appearance...the problem is bottleneck. The amount of work necessary to complete the outstanding work now is ridiculous since project managers need to concentrate on cost efficiency/innovation with technology that is brand new to them while needing to satisfy the customer & the company they work for. To provide for their carriers (T, VZ, TMO, S).. with data becoming increasingly popular (i.e. smartphones that are released & not enough networks to support the data traffic), IMO, short term, telecom is on a downtrend... long term there is more than enough work outstanding & the future seems bright,

 

but my guess is 0.75-1.5 years down the road we will see telecom picking up.. in 2-3 they will be good... short term i don't see upside.

 

just my 2 cents take it how u want to... this is FA, not TA so investors be cautious...day traders, roll the dice and let me know how it works out.. i'll be joining you