If that cat ain't dead, it'll hit the ground and run. No bank on a bounce with this news. Mutual funds and institutional buyers look and long term and will likely dump now and not wait for the disaster to hit next year.
At these levels AT&T and Cingular would be smart to buy the WWCA network or lease access to gain the market share. No one is stupid here. Both Stanton and Gillespie have bought more than $12 million of this stock since 10/01. They must see significant value inside. The previous post about a build out for AT&T and Cingular would take a year. Unless they buy a smaller player out who owns the infrastructure and has 850,000+ subscribers.
At this level definate upside and buyout potential. Though conservative my personal target from here is $16/sh. We will have to see. I just loaded up at 11.74 Quest