Sold some at 37 1/16. Have more limit sell orders at 38, 39, and 39 7/8. Unlikely we'll get back into the 40s, IMO, on this rally. If I can sell at those prices, I'll be able to buy back in the 30-33 area. The stock is in the process of forming a new, lower trading range. Maybe 33-40.
Even if the government now thinks they made a mistake, they won't admit it. The deal is dead, and it ain't coming back. But then, I was 100% sure they wouldn't block the deal, and still don't understand why they did it. Even if WCOM sells the consumer LD, they still need wireless, and reselling someone else's service isn't the answer. I don't know what the answer is, either. The need it, they can't buy with stock, they won't buy with cash. |
