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Politics : Ask Michael Burke

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To: Mohammed U. Karkanawi who wrote (60935)	5/27/1999 5:59:00 PM
From: Knighty Tin	Read Replies (1) of 132070

MUK, Glad to hear from you again. If the stock traded, during regular trading hours, at 53 3/16, your bid should definitely have been hit in a specialist market. In other words, why would a seller sell at 53 3/16 when you had a 53 1/2 bid out there? Their comment that they only trade on the NYSE sounds disingenuous to me. Are they saying that it never traded under 53 1/2 on the NYSE? Doesn't sound right. I am not hot to trot on AT&T. IMHO, they are buying a bunch of speculative cos. in areas that may or may not come true. Their record of buying cos. has been horrible in the past, buying the top and selling them back at the bottom. At 23 times eps, I think they are a fair holding, but not a great one. Don't get me wrong. I wouldn't buy puts on them. I just don't think there is much upside left here. It is not a very exciting co. and the market has treated it well in the past 12 months.

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