VZ announced today. They beat by 0.02, but weak forward and down YOY, and a Boarish price holding steady at minus 3% from yesterday's close. The market is displeased. AT&T announces earnings on Tuesday 10/25. My thinking is, there's no shortage of demand for Communications services; it's certainly not a declining industry. Who took this business from VZ? AT&T is the #1 suspect. Forthwith, can we expect good earnings and forward from AT&T? T also downspiked this morning, almost perfectly aligned with VZ's downspike; I suspect an industry force. VZ dragged everyone down. Now, however, their stock is gently and subtly bullish. I bought T playing the bounce this morning, but I hesitate to sell, because it has potential to be a real ca$h cow. Thoughts?
Wow... big volume spike and price swing just now. Maybe they read this thread? Some news about a Time Warner takeover... probably just a smokescreen... trying to shake out the weak. Why would they release this at 3:45pm? I am not moving. I tried and tried... my mind says sell, but my heart and gut won't let me click the button. 2-1, majority rules. We shall see if the market punishes me with impunity for my belief.
Henry Blodget @hblodget 23m23 minutes ago Henry Blodget Retweeted Portia Crowe Game-changer! (Actually, really. At least potentially. Depending on what they do together). Henry Blodget added, Portia Crowe @PortiaCrowe AT&T and Time Warner are reportedly talking about a merger http://read.bi/2exxfXb
It's a red herring. They're trying to distract from the upcoming earnings. Can we add "People Familiar with the Matter" to that list?