Now we see that Concast has bought Time Warner, now if the regulators let this pass and they let AA/US pass, how could they not let S buy TMo, it doesn't make sense that they would deny the merger of S and TMo, unless they just don't like a Japanese company getting that strong.
Look at AA and US. They wanted to merge, govt said "probably not", AA stock tanks, people talk, govt says 'okay', stock recovers and then some. Same thing will happen with S/TMUS. Govt regulators just want to give the impression that they're being the proper advocate that they are expected to be. That's all.
It's not really a doule top, classically. A double top needs a dip of at least 10%, most say 15%. In the case of TJX, it was less than 5%. I think everyone is worried about the retail sector in general, but I think TJX is different and after their earnings people we realize that they are different. I expect to see it break $65 after earnings and $80, split adjusted, in the next 24 months.
Yeah, I had a good run with GGP but it was flat for the year. I kept a little money in it just for sentimental reasons, but moved most of my profits over to TJX and S and they've done MUCH better than GGP. I will continue to watch, but without any stake.
Every share offered at 9.96 got bought up by the MMs, no matter what. They didn't want it to break $10 no matter what. When they run out of money, then it will break $10 and continue upward.