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AT&T, Inc. Message Board

  • davemartin74575 davemartin74575 Jan 29, 2013 1:46 PM Flag

    Today's action.

    Gun control, options, theories and all that stuff aside, what give with today's solid upswing? No news I can find to warrant it.

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    • The only news I could find was "MONTREAL, Jan. 29, 2013 /PRNewswire via COMTEX/ -- Dorel Industries Inc., (CA:DII.B)(CA:DII.A), a Canadian-based world-class juvenile products and bicycle company, has selected AT&T* to connect more than 40 offices and integrate its worldwide operations and multiple divisions."

      That is just routine business for AT&T and could not cause a 2% rise in the stock price. I think it is programed trading resulting from the Stochastic turning up and the stock price moving above the 50 DMA. Many computer programs use these as buy triggers. There have been over a dozen trades in the 100,000 share range which indicates computers are involved.

      • 1 Reply to wilkes71
      • Yeah, those 40 offices will REALLY add to the bottom line and explain today's movement. The rest of the stochastics and moving averages, Bollinger Bands, etc., etc, always have some bearing i suppose, but out of nowhere comes a big move. Not much to explain today's nice move.

        It's good for us investors who risk capital on the stock instead of playing the casino game that you seem to favor. Not meant disrespectfully, if that is your game Wilky. I just don't care to see gambling used to manipulate stock prices. You are small spuds in the contrivances of stock prices with futures anyway and I'm sure you get some kick out of your weekly contract betting. It's a nice hobby and beats Vegas odds as well with all your strategies.

        I just wish investing was done the old fashioned way. I put my money where my mouth is. I bought the actual stock and enjoy the decent dividend it gets. Fortunately, I don't need the div's and they are being used for other purposes and eventual inheritances.

        So if you single handedly screw things up with your weekly betting game, you mess up the future of my grandkids...

        Sentiment: Buy

36.15+0.0500(+0.14%)1:54 PMEDT

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