Simple really. Regardless of recent prices, Sprint is still in a downward trend with previous support/resistance levels right around $2.75, which means a potential bottom. Might it go below that, yes. That's what I'm planning on actually. But, it should be a safe bet to place my order there. Also, there is no current financial reporting that would support a price increase. I'm not saying that the price won't increase, because it will. This thing will turn into a rocket in the long term. Sprint is an unrealized gold mine. IMO, it will eventually become the #1 carrier. Mr. Son knew the potential value he was getting when he bought Sprint/Clearwire. For now though, it's a trading stock, not a buy and hold. I would post my chart analysis for you, but I don't know how to do that here.
