"So What's the Trade?"

Sometimes there isn’t one, no matter how badly someone needs something to write about or talk about.

AT&T to Pay Highest Breakup Fee in History to T-Mobile as Deal Falls Through

so, what’s the trade?

Stop it.  There is none.  It’s just another piece of noisy non-news with no ramifications for investors in the short-term.  Any trade made based on it can be faded in either direction.

There is no “pin action” or whatever, it just is.

There’s no trade in AT&T ($T) because that stock is basically a bond at this point, not owned for growth prospects of any kind as none exists and the disolution of this deal has been pretty well discounted since the summer when problems first arose.  No Trade.

There’s no trade in T-Mobile because it is a unit of Deutcshe Telekom and because really…who’d buy a German stock anyway these days?

There’s no trade in Sprint ($S) because the stock just sucks more than any other stock on the planet (full disclosure, I’m long some).  Sprint wouldn’t move if the company’s 4G network was found to have cancer-healing properties in its airwaves.

There’s no trade in the tower stocks like American Tower ($AMT) because frankly, they don’t care what combination of wireless companies are paying for space, so long as someone is…and someone always is.

There’s no trade on this news, let it go.  It’s a footnote, a meaningless piece of trivia.  Move on and fill the dead air with something else.





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