W64thstreet - How about those Sprint Stocks

OK, so Sprint is back to $2.40. Why do you care? Are you on the other side of the trade?

dubya sold at the peak.

Been very busy with planning summer for kids. It's between Greece or Italy for 6weeks. Mid June to July. Trying to coordinate with some sailing friends. It's gonna be hot, but Paris was supposed to be cold in march and beijing was supposed to be cold also. So let's throw caution to the wind!

But thanks for the heads up ericho. Bought 40k more of sprint at $2.39 right bf the close. 3:57pm whew! Now 200k shares of sprint and closed out my June covered calls at $3.50 strike. $.15 profit on 160k shares what is that? Can someone do the math?

Are there summer school programs in long island city?
'how to talk like a gangsta'
'projects, how to get the most out of your surroundings'
'hos, thugs and harmony'

And btw ericho, do you think the bank syndicate will allow the revolver to be used to pay for the $300mm, and in the future will they rollover and term it out to give sprint some breathing room, or does it go straight to bk? I'd like to know what an overleverged LIC bucket shop stk broker thinks.

Give me beta, give me returns on my $400k that I would have lost on my nyc condo

So 16 lines of not saying that it hasn't worked out as planned so far, but you are holding on and doubling down?

dubya secret of success: be aggressive, throw in a few finance phrases you heard on CNBC, add a few zeros to any number you are talking about, and when math gets fuzzy burst into song.

wait? seems six seven tells us of his trades real-time no? shall we say current-sight vs hind-sight??

"Give me beta, give me returns on my $400k that I would have lost on my nyc condo"

I told you about SHIAX (Junk bonds) back in Spring of 2009, did you listen? That 400K would had been worth north of 700K today with a fat 7.5% yield these days.

http://finance.yahoo.com/q?s=shiax&ql=1

You could had waited and bought today at 2.36.
That's another 1% you are losing.

"OK, so Sprint is back to $2.40. Why do you care? Are you on the other side of the trade?"

Looking out for a friend and pointing out his troubles.

Does this mean w67th gets demoted again today to w63rd?

Didn't apt23 buy?

2.30 low today.
Keep buying?

There's a term for this.

"Slope of hope"

Can't get over how far off the cliff First Solar fell.

Sprint at 3.29, our friend dubya is up 38%. I think he needs to come back & serve some crow.

Nice

Seems like an excellent place to put your housing $ and your retirement $.

As for w67, remember, he told us it was only a very small % of his net income and wealth. Was it less than his porsche, yacht, rolex, and expensive vacation?

what's your recomendation?

That you learn to spell shitheel.

Thanks for asking columbiacounty, but in absence of knowing a full financial profile, life circumstances and risk tolerance, etc. I wouldn't make a recommendation. And even with all of that detail, I probably wouldn't make a recommendation other than to see a financial advisor. You see, I don't go around shouting that one size fits all. You'll rarely see me telling someone to affirmatively take one path over another, though I will point out someone who I believe is making a grave mistake, including by way of putting all eggs into one basket, like picking out Sprint stock as a main source of investment. Or by buying a single investment property to rent out to a third party.

wow.

why do you post under so many different names?

Under how many names do you believe I post?

you tell us.

I should tell you how many names you believe? I don't know, that's why I asked. Who do you think I am? Carnac the Magnificent?

nope.

why?

why?

'nope' was an answer to which question?

why what?

why what?

why do you keep this up?

keep what up? Is this some sort of experiment or exam for you?

nothing....

absolutely nothing.

oh, nevermind then.

Sprint now at $4. What say you, ericho75 and JButton?

Nada. It's just Pre market. Let's see where it closes. But on the record I've got 300k shares of sprint. Average in $2.70. Let this beytch roll. Gonna be mia, flying out to the med with family this afternoon.

All you 'rich' ppl who own in manhattan. Enjoy the hot summer. Keep feeding that pig of a mortgage. 'it's a home'

Enricho should put on a dunce hat and cover his shorts.

For jbttn. Blah blah blah mkt cap. Blah blah blah inverted yield. Blah blah blah. Short interest. Blah. Blah blah. Suze orman says buy sprint. Cramer says boohyah!

Flmaozz. Stfu and short sprint and long real estate!

i guess sometimes better be lucky than good/smart.

Only $3.85 now, you suck dubya. Only up $350K now, you lost $50K since I was eating breakfast this morning.

Give the guy some credit, JButton. He came here and publicly made his call. Haterz.

Ha, take that, w67thstreet! You could have done two low-end Manhattan bathroom renovations (as long as you reuse the old fixtures & tiles) for that $50K! Increasing the value of your apartment twelvefold!

Suckkkaaaaaaaaaaaaaaaaaaaah!

i give him credit for coming out like that but i'd love to hear a bit of thought behind $6/sh call.

Give it to him, dubya.

Alan. Who knew toilets added so much value. Imagine a bidet!!!!

I'll give it to him nada.

$6 is based on 'I'd be up $1mm on a $810k investment in a year, and I'm out! Ya beythes!'

Herez the financial insanity of w67, at $3 sprint was a $10b vs $240b (AT&T / verizon) bk trade. To $6 x bk trade. $12 potential if it starts hitting stride. Longer term, google, facebook, apple all wanna be mobile only, buy the fking pipeline. Longer longer term convergence of cable / wireless.

Nice place to ride out domestically while the euro falls apart. Fklmaozz.

1/2 beta 10x potential return. That's a trade. The dumbest fking trade I know is REAL ESTATE. And the dumbest of the dumbest if manhattan RE.

It's only $4. It's fking cheap.

Wheres my fking SUV to Newark? Godddaaammmmmit

ok now you're talking dubya.

Hey look, dub-ya just did a dub-up. Sprint now trading at $4.80 compared to dubya's call at $2.39.

Kowtow to ya, Mr. Dubya.

I'm trying to figure out what it looks like when a dodo kowtows, but more important: why have you still not followed w67s advice? What is your excuse?

Yeah but I waz up $700k this morning when it traded at $4.95, lost $55k since 9:40.... That blows. The math works if w67 has 350k shares. Did w load up more?, why wouldn't I when sprint is still so so cheap.

Iphone5, sprint takes more market share as ppl get whacked with data overage charges due to higher LTE speeds. Booyah! Chance of nyc re doubling in the next 2 yrs => 0%. Chance of sprint hitting $9.60 => 100%.

Yet SE is till littered with 'my mortgage banker stole $1k'!!! Wtf? You just killed your $300k downpayment, and you are bitching about a $7k deposit? Flmoazzz. Peace out nada. Gotta go mentally spend my $650k gain in 5 months

six seven: you know I am awaiting your next call. no hurry, but be sure to give us another chance.

R u deaf of reading? What does $4.8 to $9.6 don't you get?

Ya think ford is gonna double?ya think fb will double? Ya think apple will 2x? Ya think google will 2x? Ya this con Ed will double in 2yrs?

And finally da ya think LIC condos will double in 2yrs, 5 yrs, 20 yrs? Never on a 'real' basis. It was and still is a massive fking RE bubble

Btw, mortgages delinquency hits new high! Read the news unless you are blind. Hear the news then.

i dont have it in me to chase sprint--trader in me cant buy that kinda strength

ill wait for your next call--no hurry--i want it to come organically, from deep within your investment brilliance

I wonder if Yikes' wife gave him an ultimatum before she left him, "it can't be both me and you're mother under this roof, you have to finally make a choice."

"Ya this con Ed will double in 2yrs?"

You are right Master Dubya. It took 3 years for my Con Ed call to double.

Why not obey your Master and buy Sprint?

W67: you know I never listen to you, to my detriment!

nada... conEd was a great call... but when you can make 100% in 4 months ya get a little piggish. But here are a few thoughts that lead me to stay in sprint versus say....an index fund.

Do I think Dow will hit 26K in 2 yrs?
Do I think apple will hit $1,200 share in 2 yrs?

and sadly, bc ConEd has run up 100% in 3yrs => w67 would rather bet sprint which is still skating around bk pricing will double off of $4.7/share sooner than:
1) NYC RE;
2)DJIA at 13K;
3)FB;
4)Google;
5) and sadly your excellent ConEd call... I still owe you a beer on that.... heck a nice bottle of Montalcino.

I love SE. and Ericho.... RE BULLZ like him make the Sprint call seem so so so "rational."

Cheers.

my regret on coned was the all too often.. right on the call, but not on the amount. $30K doesn't move my "wealth" of meter. $650K on sprint... yeah.. .that moves my meter, esp if that is pure "risk free" capital that can be put into something safe like a coned for a 10% return for 20 yrs....

someone got an HP? That should allow me to never eat cat chow in my retirement.

10023.. I'm sure you've not listened to a ton of talking heads and have been much better off for it...."winner bias."

-wink- w67th is still a lowly renter- $650K richer... but still a renter.

Spring at $5.44 intra-day.....NICE!

*sorry Sprint; not Spring

Heehee. No, it's loser bias (I only remember the ones I didn't buy). I give you permission to go long equities, I'm shorting again!

Ahhhhhhh. I wonder if w67 really exist? I wonder if w67 has a real Etrade acct with $1mm as his gain? I wonder if w67 bought sprint at $4.30 for his kid's trust fund overriding the 'professional' money manager? I wonder if mrs w67 gonna put on that skimpy Italian thong thing soon?

Flmaozzz.

S up over 8% today, awesome call 67.

I've been long since March but not at the investment levels of Dubya.

I'm not a good stock picker in areas that I don't understand. I still don't understand why U.S. equities are up, given the fact that the Euro is still in trouble - despite all the reassuring noises made by ECB.

It'll be the September Surprise....FED and other Central Banks gearing up for stimulus. This is getting priced into market ahead of the action. Sell before Labor Day.

Quite happy I listened to w67th on this one. Only regret not putting more in.

When does the dump happen?

4 years (+ 1 month) ago when this was started, Sprint under $2.50

2 and 1/2 years ago it was over $11 a share, today $3.66. That was the time to sell. If we only had a crystal ball.