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AT&T, Inc. Message Board

  • srharm srharm Sep 21, 2012 10:01 AM Flag

    New 52 wk High!

    Yeah baby!

    Sentiment: Buy

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    • YES!! Very exciting,, our next resistance level is $39.61.. On another note,, I noticed that the NEXT WAVE spectrum purchase is hitting a slight legal issue that won't mean much for AT&T's purchase but means a lot to the common stock holders of NEXT WAVE (WAVE). The agreement that was made between the 2 companies wasn't fair to the common stock and there was a lawsuit, The common stock owners are ending up with a better deal on an out of court setttlement. That is a huge gesture and win to me. I never have seen those types of lawsuits turn out positive for the common stock owners. So I'm very happy for them. It's going to be a good end to the week.

      • 1 Reply to whopperkaraoke
      • Yeah, that resistance level will put us in line for a breakout over it to $40. In terms of looking at this as a long-term holding, I would then like to see that $4-5 drop after earnings to even out the slope of the line on the chart to more sustainable 40-45 degree angle. The price drop will also allow for better reinvestment price when the dividend is paid.

        I love to see the stock price soar like this, but I don't want it to get too far ahead of itself before the margins are confirmed and we have some guidance on the next earnings call.

    • Moving for round numbers I should think. Target for the short-term before earnings could be a nice round $40, but then when earnings are announced and they show that margins got squeezed from Apple rollout it could drop to $36-35.

      Actually, we would need the drop anyway to keep the long-term chart closer to a 45 degree angle instead of turning up and parabolic.

36.47+0.26(+0.72%)Feb 12 4:02 PMEST