This post was just published on ZYX Buy Change Alert.
AT&T (T) is long from $32.40. AT&T stock is trading at $33.85 as of this writing.
A major risk event is ahead. T wants to buy Time Warner (TWX), the parent company of CNN among others. The Justice Department has challenged the buyout in court. The court will render its decision on June 12. The probability is about 70% that the Justice Department will lose. However, court decisions are extremely difficult to call.
If the court rejects the challenge, T has the potential to move up to $38 to $41. On the other hand, if the buyout is not approved, the stock can easily fall to $26 to $28 range.
Investors have three choices based on the risk tolerance.
- Take partial profits on a 15% tranche and hold the remaining 20%.
- Do nothing.
- Take profits on the entire position and exit.
A knowledgeable investor would have turned $100,000 into over $1,000,000 with the help from The Arora Report. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 2% of the content from our paid services. …TO RECEIVE REMAINING 98% INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES, TAKE A FREE TRIAL TO PAID SERVICES.