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Sprint (S) soars 23% premarket on a report Japan's Softbank is mulling taking more than a...

Sprint (S) soars 23% premarket on a report Japan's Softbank is mulling taking more than a two-thirds stake in the company for about $13B. Softbank says it is "checking the facts of the Nikkei report."
Comments (7)
  • bgold1955
    , contributor
    Comments (2004) | Send Message
     
    Congrats S shareholders!! Was on my watch list but never pulled the trigger. Happy for u guys.

     

    Now go buy an iPhone from S as the device made, in my opinion, the deal more attractive to Softbank.
    11 Oct 2012, 08:29 AM Reply Like
  • bd4uandu
    , contributor
    Comments (1827) | Send Message
     
    OOOOOoooooooweeeeeeee
    11 Oct 2012, 09:09 AM Reply Like
  • gostockyourself
    , contributor
    Comments (101) | Send Message
     
    daaaang knew i shoulda bought in the 3's and 2's, so undervalued. entire $15b float traded in premarket, insane.
    11 Oct 2012, 09:24 AM Reply Like
  • Hexydes
    , contributor
    Comment (1) | Send Message
     
    So for S shareholders, what's the play? Hang on to see if the rumor is serious? Or sell on the inflated rumor price?

     

    If this is just a stupid rumor, it's a great chance to take a profit and then buy back your position at a lower price. On the other hand, if SoftBank actually does try to buy 2/3rds of the stock, $6 a share isn't gonna cover it.
    11 Oct 2012, 09:34 AM Reply Like
  • jrez
    , contributor
    Comments (299) | Send Message
     
    Same thought as you. Only thing to do is wait and watch... like a hawk.
    11 Oct 2012, 10:22 AM Reply Like
  • geetb
    , contributor
    Comments (34) | Send Message
     
    There is always a risk of S coming back to its $5 range, if this turns to be a rumor.

     

    Think about it.

     

    Sell at profit and then restart position if S comes back down.
    11 Oct 2012, 10:41 AM Reply Like
  • Halleysc
    , contributor
    Comment (1) | Send Message
     
    Got it for 3k shares for 2.38 on 12/2011 and will still hold upside too good and long term outlook good regardless of tc possibility
    12 Oct 2012, 11:38 AM Reply Like
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