LEAP - Leap Wireless International Inc - Page 3

The bounce makes sense as the 8.50 area is a long line of support.. I still see more downside as MACD,RSI and Money Flow continue their downward trend .Two other studies monitored are also in sync with the move.
 

 

Edited by trade2getrich - 1/31/12 at 12:55am

yea a little rt here...a couple gaps took place here back a bit...but yea now moving it back a notch on radar but not dropping it lol...see if we get supp bw=twn here and 8 maybe

up nicely off 8.5 support...not playing yet...but still interested enough to watch...mat today or early next week if it looks good still

never did play it...healthy drop since feb

Downgrade Alert for Leap Wireless International (LEAP)
2 days 7 hours 13 minutes ago - Comtex SmarTrend(R) via Comtex

Leap Wireless International (NASDAQ:LEAP) was downgraded from Market Perform to Underperform at BMO Capital today. The stock closed yesterday at $5.77 on volume of 4.0 million shares, above average daily volume of 2.9 million. Potential upside of 41.4% exists for Leap Wireless International, based on a current level of $5.77 and analysts' average consensus price target of $8.16. The stock should run into initial resistance at its 50-day moving average (MA) of $7.03 and subsequent resistance at its 200-day MA of $8.12.

Leap Wireless International, Inc. provides mobile wireless services. The Company's services are targeted to meet the needs of customers who are under-served by traditional communications companies. Leap's Cricket service is available to customers in various states from New York to California.

Over the past year, Leap Wireless International has traded in a range of $4.68 to $17.66 and closed yesterday at $5.77, 23% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 3.4%.

S&P MAINTAINS HOLD OPINION ON SHARES OF LEAP WIRELESS
Now - Standard & Poor's
LEAP held a conference call to announce plans to offer the iPhone 4 and 4S on June 22 in conjunction with its $55 unlimited talk, text and data plan. The company plans to offer the iPhone 4 for $399 and 4S for $499 initially to 60M covered POPs and does not expect any major impact to EBITDA in 2012 or a change to its 2012 CapEx forecast. We have widened our 2012 loss per share estimate $0.34 to a $5.67 loss, but narrow 2013's by $0.11 to a $4.93 loss. We maintain our 12-month target price of $8, based on enterprise value-to-EBITDA analysis..

Leap Wireless' Cricket PrePaid Service To Sell Apple iPhone Next Month
3 days 7 hours 23 minutes ago - Dow Jones News

DOW JONES NEWSWIRES
Leap Wireless International Inc.'s (LEAP) Cricket prepaid phone service will start selling Apple Inc.'s (AAPL) iPhone next month, making it the first pre-paid carrier to offer the device in the U.S.
Shares jumped 5.8% to $5.77 in premarket trade following the disclosure.
The company said it will offer the iPhone 4S and iPhone 4 with its $55 per month wireless plan. The iPhone 4S will cost customers $499.99 for the 16-gigabyte model. The iPhone 4 will be $399.99.
Those prices are markedly higher than offered by other larger carriers that require customers to sign monthly contracts. AT&T Inc. (T), by comparison, is selling the iPhone 4 for $99.99, according to information provided on its website.
Verizon Wireless--a venture between Verizon Communications Inc. (VZ) and Vodafone Group PLC (VOD)--was first to break AT&T's iPhone exclusivity last year, followed by Sprint Nextel Corp. (S) in October.

upper 4s support holding so far...maybe time for a little rebound...just watching for now tho

not such a great report


Leap 2Q Loss Narrows On Higher Per-User Revenue; Shares Off
3 minutes ago - Dow Jones News


By Kristin Jones

Leap Wireless International Inc.'s (LEAP) second-quarter loss narrowed as the pay-as-you-go mobile operator took in more revenue per user.
Results fell short of Street expectations, as the company lost customers during the quarter. Shares fell 12% in after-hours trading to $4.84. Through the close, the stock was down 41% so far this year.
Leap has reported growing revenue in recent quarters. But the company hasn't posted a quarterly profit since 2007, after its lower-income customer base was hit particularly hard by the recession.
The operator of the Cricket Wireless prepaid service has looked to attract higher-income customers by selling smartphones. In June, the company said it would start selling the iPhone on its Cricket network, hoping to drive subscriber growth and retain existing customers. In the latest quarter, 57% of new handset sales were for smartphones.
Leap posted a loss of $41.6 million, or 54 cents a share, compared with a year-ago loss of $65.2 million, or 85 cents a share.
Revenue rose 3.5% to $786.8 million.
Analysts polled by Thomson Reuters recently expected a loss of 50 cents a share, with revenue of $836 million.
The company lost a net 289,000 customers in the latest quarter, mostly consisting of voice customers, compared with a net loss of 103,000 customers a year ago. It ended the period with a total of 5.9 million customers, up 2.7% from a year earlier. Churn, a gauge of customer turnover, edged higher to 4.4% from 4.2%.
Average revenue per user was up 3.7% at $41.64.

It's not too late to short LEAP.

 

Have a great weekend!

another bounce in progess

Some positive coverage.

 

http://www.forbes.com/sites/dividendchannel/2013/06/13/bullish-two-hundred-day-moving-average-cross-leap/?partner=yahootix

 

LEAP listed on wedge section on finviz.

 

http://www.finviz.com/