I realize I'm significantly below the knowledge curve here but can we try for, like, a 1 sentence minimum so everyone always knows what we're talking about. Trying to keep up.

STRP is what a lot of talk was about earlier

Took half off @ 35.60. Letting the rest run if there's sustained momentum through tomorrow.

this strp bidding war just shows that some of the people doing m&a for the big firms are either idiots, thinking as far as their next bonus check or both. i'm really no expert on spectrum, but my guess is 2 or 3 years ago they could have easily bought them for half or less. am i wrong?

A lot cheaper than half, try 5% of the current price.

STRP is currently worth $1.9 billion ($154). 1.5 years ago STRP was selling for $100 million. The whole company. No joke. A mere 1.5 months ago it was selling for $400 million. You probably could have gotten it even cheaper if you put some pressure on the FCC to make STRP release their improperly/fraudulently held spectrum.

Spectrum has always been finite and knowable, as has the promise (or not) of 5G technologies. There is plenty of more useful competing spectrum; the shortage of spectrum which was the bull case has always been a myth. It's not like some magical new GHz just appeared or disappear; this is basic physics and known a decade in advvance. That was the core of the argument why it was probably worthless. I think the bears agreed with me given how few were buying or posting when it dropped 80% some months after I ripped it.

My feeling is this is probably a brilliant backdoor deal to make a couple of people at AT&T rich. It's happened before, and for larger numbers. Major player makes a bid on something everyone thinks is worthless, thanks to a couple of key people pushing it. Other players get it on their radar and decide they don't want to lose that much spectrum or that AT&T must have some new technology. If the other bids are even real. Then STRP stock - a lot of which is held and borrowed out by insiders - gets called back, causing a huge short squeeze.

Who knows what's really going on. Nothing here makes much sense. We were right to rip it - it was a horrible play. I'd bet a number of bulls sold out when it crashed after the fraud/improper spectrum licenses were revealed back in '15.

ya, 'half or less' was just from the top of my head before looking at the chart. nov15 was under 10$ but have to think you couldn't have bought the whole company for that price. i never did any research on it and never planned to.
the guys using spectrum should be the best at valueing it, never saw any alpha to be had. which makes this move all the more inexplicable, to me.

The alternate - that people from multiple big players who plan spectrum 1-2 decades in advance are total idiots - is too weird to contemplate. Can't find much on news here, but this is from February 17th of this year:

Ericsson and IBM announce 5G breakthrough:
However, this should not have come as a surprise to the industry. When I pretty deeply researched this back in 2015, it was obvious that 5G arrays could be viable for some uses, and it was just a matter of time and technology improvements until they were. Even the bears openly agreed with that.

It's also not the first research breakthrough in this field, there have been many.

Even after the recent run and the company admitting ad load will significantly slow in the second half of the year... Big buyer of 20k Facebook August $170 calls @$1.05. Really ballsy play (could be stock replacement as well) ESP given its barely off ATHs.

lol @ FIZZ getting a $33 PT.

Blows my mind that auditors actually sign off on their financials to be honest.

This play by play brought to you by Asap Cola. Thirst responsibly.

Buy stops to long TER SINO ZG.

Sold 80% of position after todays action, will buy back closer to $80.

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Back on FELP going up

SINO and ZG triggered. Rollin

Is STRP even real life???

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SHOP is still killing it. Waiting to find a point to short it to hedge my long position... its heading into overbought territory.

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This is disgusting, haven't seen a mispricing like this is a long time. Especially the nature of the bidding war and how much of the float was short...

My gut says to short it at some point... but I suck and can't ever short correctly.

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Mad?

Do you actually own the company? I'm confused about your personal position given your posts are mostly worthless, one word answers.

Confirmed mad

lol at ackman for buying up cnbc time,, 2pm they probably paid til.

Most profitable trading day i've ever had in DDD today. Just scaled in more and more all day. Probably isn't even done running, but i am out. What a run.

Man WIX and SHOP have been printing money for over a week now. Buy the morning dip, run it up by close. Can get a few good trades per day.

I am holding some long of each but trading excess.

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Really nice call & well done blocking out the noise. Disappointed I've been missing most of this run.