Like yourself, I kind of expected a WBD selloff. I figured most people holding T, were looking for that nice divie, and really did not want to hold a non divie payer growth stock.
However, Im not the ONLY one with a bit of a diversified portfolio including both divie and growth stocks.
I kept my "net" dividends the same, before and after spinoff, by adding to my QYLD (an ETF) position. Of course I had to sell off some other growth stocks, as I hold not much cash.
Cash, IMHO, is the worst investment available. (Cash, that is, checking savings, and money market accounts). The interest on savings checking CD,s etc, is almost always less than inflation..for the past 10 years or more. Then you have to pay taxes on the "gain" (interest earned), which is not a real gain at all, the interest earned falls way short of keeping up with inflation. Thus, I hold very little cash except emergency cash.
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