ON THE WAY UP!
SELL T @33.20
Finally, I got to sell one on the way up! Fundamentally, I still like it, but I believe there is probably only a couple of dollars to go in the near term. I am a little puzzled by today’s incredible strength. If I understand correct, there will be 70 million shares of T coming into the market @31.00 (minus the $0.20 dividend, which makes it $30.8) in the next couple of weeks. Why this frenzy of purchasing at $33 today? I must have missed something. Nonetheless, I am happy with my 53% return in less than 6 months (not to mention dividends). I might have left a couple of bucks on the table, but I am not going to lose too much sleep over it.
Finally, I got to sell one on the way up! Fundamentally, I still like it, but I believe there is probably only a couple of dollars to go in the near term. I am a little puzzled by today’s incredible strength. If I understand correct, there will be 70 million shares of T coming into the market @31.00 (minus the $0.20 dividend, which makes it $30.8) in the next couple of weeks. Why this frenzy of purchasing at $33 today? I must have missed something. Nonetheless, I am happy with my 53% return in less than 6 months (not to mention dividends). I might have left a couple of bucks on the table, but I am not going to lose too much sleep over it.
posted by ZIGZAG at 12/03/2004 04:51:00 PM
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