You have to factor in that at some point the market position that AT&T enjoys will no longer exist and that will have an effect on the stock. On the near horizon AT&T will release its Q3 results on October 21, 201o which puts a flex point on the calendar.
For my money the downside risk outweighs the upside potential and as I have learned over the course of a lifetime as an investor and entrepreneur – protect the downside – the upside will take care of itself.
Keep your powder dry and remember the best time to buy a stock is when it has established an uptrend. Anticipating a bottom could see you finding new lows with your money.
I think that it is pretty clear that you have to find entry and exit points if you are going to get on this ride.
Clearly the market is reacting as it should to BCE’s performance by avoiding the temptation to buy the runt of the litter.
At this point you are best to trade the range until WIN breaks through the resistance at $3.10 and returns to an uptrend.
At that point the question becomes will a suitor surface that sees MTB as the belle of the ball that they want to take to the altar?
