1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

DirecTV stock hammered today because of E* problems?

Discussion in 'The OT' started by EFGFE36TWGOU4, Nov 12, 2007.

Thread Status:
Not open for further replies.
  1. EFGFE36TWGOU4

    EFGFE36TWGOU4 Legend

    160
    0
    Nov 4, 2006
    Anybody noticed that DTV's stock was hammered today dropping nearly 7% based on bad news from Dish network? What give's? Isn't bad news for Dish good news for DTV?
     
  2. Inches

    Inches Godfather

    418
    1
    Jan 5, 2005
    Buy DTV. I see DISH is up after hours.
     
  3. dragonbait

    dragonbait Legend

    115
    0
    Jan 20, 2007
    Perhaps. However, if Dish is having higer churn rates and lower subscriber additions due to overall economic conditions then it would be possible for all pay TV providers to be impacted as well. Therefore, the concern is not that DIRECTV is beating Dish, but that the market is potentially impacting both negatively.
     
  4. EFGFE36TWGOU4

    EFGFE36TWGOU4 Legend

    160
    0
    Nov 4, 2006

    DirecTV announced just last week revenues are way up year on year for the last quarter! I agree with they guy that say BUY DTV, of course I am biased since I already own some :)
     
  5. Cybercowboy

    Cybercowboy Legend

    123
    0
    Sep 14, 2007
    The old stock adage applies here. Buy on the rumor, sell on the news. Apparently in this case the news was industry news.
     
Thread Status:
Not open for further replies.

Share This Page