it isnt surprising that a handful of investments firms are coming out and putting a sell rating on Sprint...
Remember the short interest is up 127,394,700 shares... They have been shoring this stock heavily since June.
Now Stock price is up almost 50% in 2 weeks
***In addition***
Softbank pledges to stick with Sprint
Commits to a stock buyback of almost $1 billion
Subsidiary owned by Softbank purchases $87 million in Sprint stock
Sprint keeps giving value to its customers
Stock price trading a high of $4.70 today
The shorts are trying to pound this back down.... I didnt see the stock buyback coming but this is going to get exciting. Son stated the stock was undervalued and he is going to take some of this undervalued stock away from the market.
Shorts are pissed, believe me this may be a blood bath.
IF YOU ARE SHORT IT IS TIME TO COVER...DONT GET CAUGHT..IMO