L.A. Times headline:
"AT&T gets FCC approval, immediately completes $49-billion takeover of DirecTV"
Although it has been reported the FCC voted to approve the deal, the "OFFICIAL announcement has yet to be announced by the FCC. All those PR's on Friday may be correct but it will not be FCC approved until at least Monday. What will the "OFFICIAL" announcement from the FCC do to the stock price?
We will have to wait until at least Monday to find out if FCC announces approval. With all the stock price manipulation on Friday, there is no way of telling what manipulators will do Monday. After hours usually is not a sure thing for the following business day but up 17 cents in after hours to $34.46. hopefully will continue. I am hoping to get back in before the run up which usually occurs early. Friday the run up was about $1.15 before correcting. Only about a dollar move takes this to $35.20.
Will we see $35.20-$35.35 on Monday?
I doubt it but these manipulators just hosed shareholders when they ran the price up from $33.93 up to $35.09 and then dropped the price from $35.09 down to $34.29. I expect them to try and hose the traders again by running the price up and back down again. Usually this system will last 3 days which is why the "3 day rule" became popular. If that is true, Expect more manipulation Monday and early Tuesday.
Buy the stock. Sell out of the money calls against the shares you hold and wait for them (the calls) to expire with the stock price still below the call price.
Repeat. The trick is to pick a strike price that is far enough out of the money so that you get to keep your shares. With T this is not too hard, since its price is not very volatile.
But ndibari73 is right in that it makes no sense if you are in the market to make a big killing.
To some, making a few bucks year in year out off selling covered calls on a stock with a safe dividend like T is just "small ball." But to a retired guy like me, it's okay. Preserving principal while making a decent return is my goal. If I were younger, I'd take more risk in pursuit of capital gains.
I guess I was also responding to those who were complaining that there was so little upside movement to the stock, who must be looking for those large capital gains. If that's what they are after, they need to be in other stocks besides T.
So I guess it depends on what you consider an acceptable rate of return.
To me, 5.5% plus whatever I get from selling the out of the money calls is cool. And it's a great feeling when your call position expires and you book the profit. Of course I do all this in a Roth IRA account so don't have to worry about taxes.
'Mr Market' told us NOTHING. Mr Market is a computer algorithm programmed to buy/sell at peak trades. Nothing to do with price discovery or individual stock valuations at all.
This guy has wasted TWO years on Trash VOD. LMAO!
smallenburg_disaster • Mar 26, 2015 2:08 PM Remove 4users liked this postsusers disliked this posts1Reply
Smalls caught in several roach motel VOD options LOL AT&T TIA
eyt_trub • Aug 13, 2014 7:20 PM Flag
13users liked this postsusers disliked this posts2Reply
The Smallenburg Disaster--Oh The Humanity!
I had the pleasure of watching smalls squirm as he was trapped in several roach motel VOD April and July call option positions. Each Monday morning would pass without T bidding for his beloved VOD, inflicting excruciating financial pain on the egotistical loser. Frustration begets aggression--so it is perfectly understandable why the bitter financially impaired know-it-all spends his time relentlessly degrading T. G.fast can't move data any faster than smalls can lose his retirement funds--by LEAPS and £
nice name but are you sure it isn't the other way around? or it could be simultaneous 69
Where are you in Germany? My parents were born their. Dad came from Bremenhafen and my Mom came from Kiel.
LOL ! Nice call, DWEEB. Go spend some time with that BEAST of yours that never gets a second look, unless they are gawking at home out of shape she is.
Smells_62 takes his Nige alias with him on an imaginary vacation IMMEDIATELY after T posts solid earnings and the merger is complete. Gotta hand it to them, the vacation excuse for their PALPABLE disappointment is an original one....or is it?
They'll both be back soon, though, after they get their faces repaired from being ripped off. HAHAHAHA ! What a KClown show.
Look at all that PASSION in this original post by cooki dork.....only to see his beloved VZ (and his portfolio) turn RED for the year and T outperform it. HAHAHAHA! What an UTTER waste of time, no wonder he's curled up in a ball under his desk with Smalls, dreaming of a vacation. HAHAHAHAHAHA !!!!!!!! Ohhhhhhhhhhh HAHAHAHAHAHA!!!!!!! PS, the internet is FULL of people responding to the merger articles with VZ customers LIVID over VZ getting SCHOOLED by T. VZ owners all over the place saying they are gonna sell their VZ and buy T if VZ doesn't get it's but in geer. Cook moonster............just another senior citizen day trading TRAINWRECH. Gotta run. The little dog loves his beach !! : ) Thanks for wasting your time here, all of you idiots.
Funny how Smalls and Cooki claim they are vacationing IMMEDIATELY after 1) GREAT Earnings, 2) a completed merger and 3) me talking about the horrible TWC service in my summer Townhouse. Sorry guys, you are WAY too obvious. Off to the beach with the dogs. Funny, FUNNY stuff. NIge, Cooki, Smells.........all three aliases AWOL after discovering that their life's work on the T board has been a DISASTER. HAHAHAHAHA !!!!
Yeah, T is a BYE
by cooki_moonster • Sep 5, 2013 1:11 PM Flag
See you in the 20s
You aren't going on any cruise, just as the Smalls alias hasn't gone anywhere. All I have to do is LYNCH the Nige, Smalls, and Cooki Moonster aliases with THEIR OWN WORDS and all of the sudden they make up an imaginary vacation as they go running for the exits. HAHAHAHAHA! Have fun playing scrabble today, and then "working a puzzle" tonight. Its fun making a mockery of you all, but you pretty much do it yourself since you're so uneducated and stupid. Earnings were great, the merger is complete and all three aliases are AWOL. Funny stuff !
Guten Morgen aus Deutschland!!
That is good morning from Germany for all you minions who prefer stay in your rooms to unsuccessfully click on your TWX remotes (personally I don't blame you smelly farts; i heard the Galveston beach sucks).
Sorry I couldn't respond earlier; was on an airplane all day/night. I see that my $35 limit triggered for my 3K shares. 50 DMA was a logical resistance. About a buck and a half plus divvy for 3 months work. Not bad.
Aaand I see the "smart money" dumped the stock at the end; as they should!. Too bad I didn't short since it was pretty obvious after the low quality numbers T put up yesterday. Unlike many on this board institutions can distinguish between a $10 a month car "sub" and a $120 a month phone postpaid sub.
Plus now T will have to deal with the overhang of all those DTV shareholders that are going to dump this stock for the next few weeks. Who knows? I might take a look at this dog when it drops back to the low 33s. After all such a big merger will allow Stephenson and his cronies to hide a lot of #$%$ the next few quarters. And good luck with Stankey the new "entertainment" CEO - i know the sob, he thinks his farts are french perfume. I love the title "Entertainment". Entertainment of what? You don't own any content smarty pants!! You are a video distribution provider, one that will carry the content from the real producers at zero cost!.
Anyway, thought I'd come and say hi. I am off to my river cruise now. I'LL BE BACK. I love having fun with warmfartbreeze, stinky-bomb and all those other morons who buy it for the dividend. Smalls... I'll miss you