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SBC Communications Inc. (SBC) Message Board

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  • r91198 r91198 Sep 29, 1999 7:08 PM Flag

    Does Anyone have any idea why SBC took

    Profit taking. Right now this SBC is being dumped. Look at the higher than average volume and the chart.

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    • as it also could be "drive the price down right
      before important news and let's load up." Law suits
      happen, law suits are settled, earnings and potential
      growth will determine long term advance in stock. I've
      seen SBC drop $3 in one day before and bounce back.
      Look at what happened to the other TelCos today. Those
      with recent advances took hits, looks like profit
      taking with a little additional bad news affect. Volume
      was substantial but no record was broken.