This post was just published on ZYX Buy Change Alert.
The court has ruled in favor of AT&T (T ) in its buyout of Time Warner (TWX). T stock was initially running as high as $34.90 in the after market but has since backed off. There are concerns about the government appealing the decision even though the judge warned the government against seeking a stay. There is also concern about what Trump will tweet. Trump has been against this deal. Trump does not have a good relationship with CNN. CNN is owned by TWX.
Under the circumstances it is prudent to take profits and exit the position.
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