I’m hearing rumors that Google and Dish are masterminding a plan to create a 4th mobile carrier.

The rumor is that Google and Dish will acquire the assets T-Mobile is being forced to sell off for its merger with Sprint.

T-Mobile is about ready to make a big stupid move IMO. Paying $26 billion for Sprint is a rip off. Sprint has been unable to gain traction in markets for years and has resorted to losing share holders money in order to gain market share. Any dummy can offer unlimited plans for $20 a month with a free phone and gain some market share but at some point, they’ll have to raise prices and actually act like a real business. Sprint will eventually die on its own. T-Mobile selling off good assets to buy bad assets is a really bad idea IMO when Google and Dish are conspiring to buy those good assets and go in competition against T-Mobile.

The rumors appear to be coming from this report by the New York Post.

Prices have been extended to the upside lately. For a good entry it is better to wait for a consolidation or pullback.
Prices have been consolidating lately and the volatility has been reduced. The negative Twiggs Money Flow suggests the stock is under distribution at the moment. There is a resistance zone just above the current price starting at 39.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.71, a stop order could be placed below this zone. We notice that large players showed an interest for DISH in the last couple of days, which is a good sign.

Neither Google nor Dish meet the stringent requirements for a long entry and addition to the long-term buy and hold portfolio. Dish has bad valuation, profitability, growth, and health. Google has bad valuation. However, there may be some short-term swing trades in each stock.

Disclosure: I do not hold any position in Google or Dish.

Google and Dish News