Sunday, September 26, 2010

Short Interest In Telecom Shares Grows

Short sellers recently have increased their positions in a number of telecom stocks, presumably suggesting they believe the prices will drop.

The market has probably become concerned that drops in landline customers is no longer being made up for by growth in cellular subscriptions.

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Directv-Dish Merger Fails

Directv’’s termination of its deal to merge with EchoStar, apparently because EchoStar bondholders did not approve, means EchoStar continue...