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!
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Softbank is in talks to
Sprint up! What to do w/ this long?
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!