You Never Know What's Around the Corner
We had issued an alert for AT&T and as soon as we did the trade war talks started. It drove AT&T down - why? Not sure because it should have little to no impact on it from trade wars. We continued to hold AT&T in anticipation of a turnaround. Wells Fargo has it at an outperform with a $40 target. Jim Cramer had a recent article calling it a buy. But no matter what it would not pull up. So early today, after the Dow was up over 400 points, it was still not making any movement up. So we reluctantly decide to exit before it was a 100% loss. Then it suddenly spiked.
We entered it at .38 cents, we exited at .06 cents and then it spiked as high as .33 cents today. We did hear from one lucky person that held it and exited at .33 cents. The spike was cause by the news that Sprint and T-Mobile have restart deal talks.
Also in the news tonight is the fact that the AT&T Time Warner merger case is ready to be resolved! Had we just waited a few more days this alert may have paid off big. But you never know what is around the corner. If you did not sell you position today you may want to hold on till the end. This could be a money maker at the finish line.