Thursday, January 27, 2005

Not The Only One...

It seems I'm not the only one who finds value in AT&T. It seems SBC Communications is in talks with AT&T for a possible acquisition.

Would this be good or bad? I'm not really sure since there are so many assumptions that one would have to make to answer that question. The market sure seemed to like the news. AT&T was up 7%. We'll have to see how the stock does through the day and the next few weeks.

This does not change my previous technical analysis of support and resistance levels.

Best Regards,

The Soothsayer of Omaha

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