question for those of your with real stock market experience

[Mikes2nd]

i went all in with PCS stock at 9.50...

[AdamVR4]

i went all in with PCS stock at 9.50...

What caused it to drop like a rock on the 1st?

[Jimvr4]

i went all in with PCS stock at 9.50...

Be careful. That could turn around and hit 8.80 again in a flash.

[Roybatty]

Be careful. That could turn around and hit 8.80 again in a flash.

Anyone investing today better be going long and just be able to ignore it for a while. Don't be putting little Johnny's lunch money in the market! There are ways to safeguard it with call and put options but that gets fairly complex.

[Mikes2nd]

PCS reported earnings, they said it took them a while to get the android phones out and rolling so they are a bit behind, but still making reasonable money. Clearwire is going broke(sprint yesterday said they are going to finance them a little since they are Sprints 4g network).

But pulling out of others and getting into pcs saved me alot and got strong support yesterday. It is scary but I think PCS is hanging in there.
Ill wait for it long term and see what happens, I may jump out right before earnings if they are up pretty good.

[IPD]

sprint will win. with the other 3 killing off everything that made them "consumer friendly", sprint will win by default. data caps will destroy marketshare. mark my words, unless at&t AND verizion change their programs, sprint will have >50% marketshare within 10 years. guaranteed.

[Mikes2nd]

if sprint survives... they have a 2 billion dollar loan coming due... they have huge debt(16 billion owed)...

they have 4 billion in the bank... they are having to cough up 2 of that... 2 billion left in the tank and your going to lose another 800 million?

they pay a billion in interest alone a year...

50% no way... not even close. sprint was at 70$ a share, its at 3 now... it still losing money like 3-4 billion a year...

They have stopped the jugular bleeding but they still may not make it.

[IPD]

...just give it time. people are starting to exit en-masse from the other carriers.

[i3igpete]

aaaaand just a few weeks later, CNN writes an article about algorithmic trading. NYSE trading floor looks absolutely dead.

Did computers give the market motion sickness? - Aug. 12, 2011

[Roybatty]

Interesting. Perhaps we should be playing the algorithms instead of trying to guess the market moves.