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TMCNet: Dish Networks Shares Slide 2% On 4G LTE News (DISH)

[May 18, 2012]

Dish Networks Shares Slide 2% On 4G LTE News (DISH)

May 18, 2012 (SmarTrend(R) News Watch via COMTEX) -- 5-18-12-Shares of Dish Networks (NASDAQ:DISH) are falling 2.1% Friday on news that it won't be able to launch a 4G LTE network until 2016 or later. That is a year longer than the FCC proposed. Dish's filing could add to the pressure its facing to sell the spectrum, or at least take on a partner. It could also be a signal that the company doesn't plan on actually investing in 4G, but is just making a bluff. DISH Network Corp. provides a direct broadcast satellite subscription television service in the United States. SmarTrend alerted subscribers to take profits in DISH Network on May 09, 2012 at $30.50, since then the stock fell 6.2%. We are now watching for any positive developments that could result in a new uptrend signal.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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