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Agreed. There's been a great deal of red tape for awhile but they are pushing it hard now. Lot's of issues still remain IMO but things can take a turn at any moment. I'm interested to see how it plays out.
No prob :)
There are two factors playing into CLWR's drop today.
1. I believe many investors are lightening their CLWR shares to load heavier into S. Sprint was gorgeous today, the PPS jumped nicely. I had a good feeling the AT&T merger wasn't going to happen and was waiting for the announcement to see S shares gap up.
2.LightSquared asked the FCC to confirm LightSquared’s right to use the spectrum licensed to the company by the federal government. In addition, the company asked the FCC to confirm that commercial GPS manufacturers have no right to interference protection from LightSquared’s network since they are not licensed users of that spectrum.
PDF below:
http://www.lightsquared.com/wp-content/uploads/2011/12/DOC.pdf
S is on a roll!
CLWR is lower today when the market is soaring compared to yesterday when the market was tanking! The PPS didn't drop below $2 yesterday.
Current stats:
CLWR @ $1.94
Day low: $1.84 LOL
Even if EK is making gains during the day everyone should remain cautious with this stock. Now that the court ruling is delayed until Sept. of next year that has put a major damper on EK and it's somewhat stable ground it had prior to that announcement. This is a rocky floor and please be aware that this stock was trading over $1.10 two weeks ago and has lost a good 40% of it's value since then. EK won't be climbing anywhere near that until some major cash is in their pockets. I do believe one bad day in the market will cause this stock to drop to the low .60's and possibly lower if EK doesn't announce some money making news very soon.
Thanks for the mark and comments via private. Marked you too!
Thanks for the mark and the nice comments via private. Marked you as well :)
Good post. Agree as well.
Just when we thought S @ $2.21 was a steal! S @ $2.16!
Finally BAC is under $5! :) Let's see if this will go to the low $4's!
Like I stated Saturday (post #195), ZNGA will decline further. $10 PPO was an extremely bad move.
Poem, thanks for marking me, my predictions are normally well on track. :)
It was obvious EK was coming to this. EK @ .68 Like I stated weeks ago, EK will continue to decline, do not hold. EK is only worth flipping these past weeks. :)
Everyone should have realized this was going to $9 (or possibly lower) yesterday the moment it broke through the $10 IPO. They shouldnt have started at $10 considering $8.50-$10 was the indicative range. The PPS was too high and would have been better to have it on the low end and then have it rise. This was a major issue now that it dropped in the red on the first day it was available to trade. I did flip from the bottom $9's to the mid $9.50's to make a nice quick profit but this was something I wouldn't hold onto over the weekend considering this could flop either way and based on the performance before the close it looked like it would be red in AH as it was so I could have just picked it up again lower than what I sold for. As for trading it, it seems like a nice stock to flip for the moment because of the drastic fluctuations but I personally would wait until the PPS somewhat stabilizes before jumping in if your long. The IPO didn't hold what so ever; $10 and above is overpriced. ZNGA will most likely see lower numbers next week. GLTA.
S @ $2.21, that's exactly why I said I'll continue to watch on my last post when S was at $2.25! Hopefully you didn't load any more at $2.24.
There she goes... S @ $2.25. I could buy back in but I think I'll continue to watch for now.
In all honesty I don't like how S is looking. It should be performing a lot better than it is and it's fluctuating way to much. I sold my shares at $2.30. I bought in extremely heavy yesterday at $2.27 and once I saw that it fell to $2.26 a couple times I decided to get out.
If your heavy in it, be cautious. I thought $2.27 was a steal yesterday and now that it keeps falling to it today, I think it has potential of dropping lower. The next pivot is at $2.11.
That aside, the market doesn't seem stable and Nasdaq is slacking behind the rest.
Well Nasdaq gains are gone. I don't like the looks of it. I just sold my shares at $2.30.
There's a lot of dumping going on. It had great AH and PRMKT trading as well as a great open, it just didn't hold up as it should have.
The market is losing it's gains as well.
I believe it will be a great day for S! I jumped in yesterday at $2.27! The whole market is up, lot's of good news for the U.S. I think we'll see a nice run for S as well as all stocks today!
That article is from Nov.29, a little old to post!
BAC actually held surprisingly well today. I think everyone needs a market bounce at this point!
Don't worry it'll go up, this is a steal at these low levels. Charts are showing it's extremely oversold too. I think we'll see a nice gap up tomorrow before the bell!
To top it off, the news about the NBA partnership is huge; it didn't get weighed in the PPS yet. The season is supposed to start Christmas Day! Up up and away!
AH looking good already! :)
In at $2.27!!! I had an order in at $2.27 since I saw it hit $2.34 which was the original entry I was looking for. Once there was a lot of selling at bid I had to change it and crossed my fingers it would drop a little and to get it at the next pivot of $2.27. We are all on a money train from here! GO S!
If BAC closes around this level we'll see the low $5's again for sure. Unless we get a surprise and it decides to tank today!
This fell below my $2.34 entry I've been looking for! Glad I didnt have an order in! S @ $2.31!
BAC down in the slumps once again! LOL This is too funny! How low can she go? I have my limbo stick at the $5 mark, let's see if she can make it under this time!
The Fed disappointed all around in their meeting today. I was actually shocked that it held up the way it did so I'm expecting more decline in the market tomorrow. I'll be looking for good entry points on a few stocks I've just started to look into.
Still waiting on that $2.34 entry point on S though! It needs to drop a few more pennies!
Oh ok, good luck!
It will stay below $1 for awhile. Until then, it's a nice stock to flip with these drastic fluctuations.
I had stated last night that the PPS would drop below the close of yesterday which was .84 and will most likely drop under .80. It didn't drop under .80 but it did hit a low of .80 and closed at the LOD. I'd say I nailed another couple predictions. Don't underestimate me, I can help you make money :)
Right when I thought I missed the train it came back to town! Deciding when to board! Still thinking about that $2.34 entry I've been talking about forever LOL!
I do not know what a stock will do minute by minute but from watching a stock for a good amount of time it's not hard to decipher which way it'll bend. As for EK, I've been right on the money with my predictions for this stock these past few weeks.
I am not a 'gazillionaire', I simply know what I'm doing so I'm successful.
That aside, thanks for your snide comments it enlightens my day.
EK dropped under yesterdays close as I predicted last night. Decided to do that while the market is green to top it off! If the market was red this would also fall under the .80's for sure like I also predicted. :)
Update as of 11:15am: The market is starting to reverse. If it continues to retract and fall deeper in the red, under .80's will be coming soon!
It does look like it wanted to drop more, if the market was an hour longer we would've seen $2.34 for sure. I'm hoping I didn't miss this train by waiting for it to drop a few more pennies! We'll see tomorrow!
Replying to 2 members post: Gunner0325: Don't worry man, there will be plenty of chances to flip and make some quick money :)
Replying to THECRAPSMAN: I cannot give an exact answer to your question. I can state my predictions but can't tell you if you should call or put and the numbers involved with the options your considering. Aside from that, I can tell you that I believe the PPS will fall beneath the current PPS tomorrow and will most likely fall under the .80's again. I don't think this will go under .50 or above $1 tomorrow. However, depending on tomorrow's performance and what I hear, I'll let you know which direction it will most likely be going. I am personally leaning more to the decline for now.
I loved how EK tanked right from the bell, all the way down to .7504! My prediction was correct once again to the few that disagreed with me. :)
LOL no prob! I waited as well, maybe my $2.34 entry will come tomorrow. I figured it would end up closing at the LOD as it did so tomorrow may be more of a decline. We shall see!
Very nice catch with PSRU!
:) It's always good to help one another! I'd like it to dip to $2.34 before close but I don't think that'll happen. Plan on waiting until tomorrow?
The current PPS ($2.37) is very tempting, debating to go in now or wait to see if this goes down to $2.34 which was the original entry point I was looking for.
LOL agreed! I'm looking for a $2.34 entry, hopefully it drops that far.