Savvy Trades and Investments

[wadegarret]

R59- DISCA

Re, I found out near the close, that the Time Warner/AT&T merger ruling was to come out after hours. I did have ample time though to sell before the news. However since it sounded like the merger was expected to go through, I took the chance. You are right that the ruling didn't have had an impact on earnings, however I felt it going through would have a positive impact on media stocks, as investors would then feel their stock could more easily merge with another company or be bought out. I still feel that way, and now give the stock a much greater chance to reach my target than without the merger. I mean the size of the merger was huge, and it sets the stage for more like it.