Jacob,good post.There is no comparison to At&T and WCOM.
Like compare CPQ with SUNW or even DELL.
AT&T is an old network,expesive to maintain.WCOM or Q or LVLT is a new one.
I do not think,we can take away communication or internet away.Every company,like F or GE and others,they RELAY on communication and fast data transfer. Teleconferencing,accounting,connection with subdivisions and many others.
Try to take it away and GE or F will lose their capacity very fast.What was already done by communication,you can't TAKE IT AWAY.
We can only expand further,not go behind.
WCOM is the winner and weaker AT&T means stronger WCOM.
Take the financial statements and do the math.
WCOM stock suffered today,only because of AT&T and sector weakness.
Market is weak and further weakness is possible.
Because of the market condition,I started to trade 10% of my large position in WCOM.I've sold yesterday at 46 and today,bought back 2% at close.I decided to play that 10% in/out using TA.
Yesterday was a clear sell signal...Doji Star.
Now we are siting on 20 EMA, 50 EMA is at 44 and at 48 is 200 EMA.Telecom sector is very weak.
I will be "replenishing" another 8% but not now.
BTW,I think,everyone knows that WCOM business is mostly in corporate users.
el paradisio
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