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When I was young, in the early 60s, grandma gave me a birth gift of AT&T, a total of 14 shares byt 1964. fast forward to the Bell break up, and I ended up with some AT&T and 3-10 shares in each of the baby bells. Dad convinced me to invest it all into Bellsouth, which I mostly did. One lot of the sales I invested with the stockbroker whree my friend worked - she convinced me he would treat me right. It was a $700 lesson (20 years ago) in scam investing. He put me in a known retail company which must have been paying broker commissions b/c it went waaay up then crashed hard and never recovered. that $700 would probably be $5000 in BellSouth today, w/ splits and drips.
Anyway, over the years, I have done some investing. Some good, some not so good. My other legacy to AT&T - the 100 shares of Lucent, which was worth $99 share five years ago when I was investing more cash - is now worth $2.50 share. My MCI - a bomb - fortunately, i got out before I was skinned. Brother convinced me to change a modest mutual fund to a Telecom mutual fund 6-7 or so years ago - another bust.

But the real joke? I have tried to Get OUT of AT&T THREE TIMES - The original shares of AT&T, which I held till 6 or 7 years ago; the TCI Satellite, which became AT&T; Comcast (which we don't even remember buying) became T and lost a ton when they did a reverse split .... I FINALLY mailed off those certificates to cash out a few weeks ago, still don't have the paltry remainder of that fiasco.
And now, BellSouth, my biggest drip holding, which I have gifted to both my daughters and my brother and a friend, which we all hold a combined 400+ shares (biggest portfolio component) is going to become AT&T.
I want to sell ASAP, while it is up on the news. Do you think the rise will be short-lived?. I do NOT want more stock in T. I am really, finally done with Telecom.
When we heard the news this morning, dh just looked at me and laughed - we can't get rid of AT&T, no matter how hard we try!!
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