Posted by frtaylor on 11th of Oct 2012 at 08:13 am
Matt, Steve or anyone w/ more experience: I own some
Sprint (thank you Dan F.!) and it's up 18% pre-market on news (not
rumour) that Japan's Softbank is seeking to buy 2/3 of the company.
Is this a "sell the news" event or is it more likely to hold
onto these gains and remain strong? I don't know what to
think. So, what typically happens to stock prices on such
events? Stop loss now at 5% above entry, i.e. 5.30.
Stock currently at 5.96.
Softbank is in talks to buy a 75% stake in
Sprint (S), and is also interested in acquiring Clearwire (CLWR),
CNBC's David Faber reports. A deal between the Japanese bank and
Sprint could be announced over the next week or two, Faber added.
Softbank has interested in Clearwire’s spectrum, the reporter
noted.
Clearwire has been a bug a boo for Sprint from memory and they
have multiple times had to pitch in funds to keep them
afloat. Getting them off their back could be nice but I still
think taking some piece off today is judicious. You may be
able to use Matt's 5 min 60 stoch trend to keep you in for the day
- otherwise pick a price and start scaling until comfortable.
Sprint up! What to do w/ this long?
Posted by frtaylor on 11th of Oct 2012 at 08:13 am
Matt, Steve or anyone w/ more experience: I own some Sprint (thank you Dan F.!) and it's up 18% pre-market on news (not rumour) that Japan's Softbank is seeking to buy 2/3 of the company. Is this a "sell the news" event or is it more likely to hold onto these gains and remain strong? I don't know what to think. So, what typically happens to stock prices on such events? Stop loss now at 5% above entry, i.e. 5.30. Stock currently at 5.96.
Softbank is in talks to
Posted by tom on 11th of Oct 2012 at 08:32 am
Softbank is in talks to buy a 75% stake in Sprint (S), and is also interested in acquiring Clearwire (CLWR), CNBC's David Faber reports. A deal between the Japanese bank and Sprint could be announced over the next week or two, Faber added. Softbank has interested in Clearwire’s spectrum, the reporter noted.
Clearwire has been a bug a boo for Sprint from memory and they have multiple times had to pitch in funds to keep them afloat. Getting them off their back could be nice but I still think taking some piece off today is judicious. You may be able to use Matt's 5 min 60 stoch trend to keep you in for the day - otherwise pick a price and start scaling until comfortable.
Great trade!
currently 6.03. Thinking I'll watch
Posted by frtaylor on 11th of Oct 2012 at 08:29 am
currently 6.03. Thinking I'll watch it on a 5 min chart and sell 1/3 this morning. Here's a recent picture of me....