This post was just published on ZYX Short Sell Change Alert.
Consider short selling a 25% tranche in Sprint (S ) right here in the zone of $5.89 to $5.97. Sprint has a pending offer to buy CLWR. Know DISH has stepped up and offered $3.30 per share for CLWR. Considering that Sprint (S ) owns the controlling interest in CLWR, it is not clear if Sprint will have any interest in raising its bid or will CLWR be ultimately sold for more than Sprint’s bid? If a bidding war breaks out, Sprint stock may go down.
Stop zone is $6.31 to $6.58. Large accounts may use another stop zone for partial quantity, $6.13 to $6.23.
Target zone is $5. to $5.10.