It was over 3.4 in PM, Usually a good indication of where it might go.
3.5 is obviously going to be harder.Its tried and signs for a close over or near are good.
IMO all eyes again on the Russian downpayment of course, not least because its also a real credibility test for GTE.
But this has obscured (IMO) what is going on with Telecoms sector this week. Besides AT&T bid T/O
Verizon and all fibre optics are in focus.
I am at a loss to understand why the market is throwing big bucks at the old T comms. and their overburdening infrastructure/overhead costs when the future is so obviously WIFI/VOIP/WIMAX.
Have a good week all, GTE will be tested increasingly into the week - in fact until the deposit lives or dies.
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