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Strategies & Market Trends : DAYTRADING/SWINGTRADING STOCKS with INTRADAY INVESTMENTS

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To: - who wrote (232)6/11/2001 9:14:04 AM
From: Ramsey Su  Read Replies (1) of 565
 
Steve,

Another stock to watch: T.

T is about to be divided into 4 companies. The first of which, AWE, is already a tracking stock and most shares spun off via an exchange of 1.176 shares of AWE for each share of T. The exchange was undersubscribed. The market is suggesting that it will now take 1.33 shares to exchange for 1 T share.

T has hired everyone under the sun for this split. Undoubtedly, there will be a lot of pumping from analysts about how much value this will unlock, blah blah blah ...

From a TA perspective, what do you think of T and/or AWE?

Ramsey
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