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TMCNet:  Wall St. Analyst: Bitcoin Loses Sheen after Being Dumped; Telecom Majors Chant Wireless Mantra

[December 20, 2013]

Wall St. Analyst: Bitcoin Loses Sheen after Being Dumped; Telecom Majors Chant Wireless Mantra

NEW YORK --(Business Wire)--

Wall St. Analyst (www.wallstanalyst.com) has announced its comprehensive market newsletter which provides a detailed summary analyzing the most relevant news, events, and economic releases. This edition of the newsletter traces the Bitcoin's Bull Run after touted as the currency of the future and its sudden fall after major banks in China dumped the virtual currency citing regulatory concerns. The newsletter also analyzes the strategic plans of telecom majors that have sharpened their focus on the lucrative wireless business.

Telecom Majors Take Wireless Leap

Telecom companies across the world are increasingly focusing on the highly profitable wireless business to shore up revenues and increase margins. This comes at a time when households are opting for upgrading to wireless services and are giving up traditional phone line services. Telecom companies are also rushing to upgrade their networks and offer high-quality services as a means to boost their wireless subscriber base. More details about the soaring growth prospects of these companies and the bullish trend for these stocks is available at

http://wallstanalyst.com/Blog/at-t-to-focus-on-booming-wireless-business-to-sell-connecticut-wireline-assets-to-frontier.html

Bitcoin Blackout - A Trip to Fool's Paradise

Wall St. Analyst deciphers how the Bitcoin's value has shot up to a large extent because of its growing popularity as an alternative currency. However, major banks, government bodies, and financial institutions shunned the virtual currency citing regulatory concerns. The Bitcoin literally bit the dust after a major Chinese bank refused to accept deposits in Bitcoins. How did this come about? The Bitcoin rollercoaster run and fall can be accessed at

http://wallstanalyst.com/Blog/the-bitcoaster-ride-experience-at-your-own-risk.html

We use Bollinger Bands, MACD lines and Relative Strength Indicators to analyze all sectors in the S&P and provide signals on all stocks within the elite large cap universe of the DJIA. The Index closed at 16,179.08, up 0.07% on Thursday, December 19th, 2013. Do we see a trend reversal here or is the index showing further support from technical? To find out more about our analysis of the DJIA, register with the WallStAnalyst.com and get access to our daily pre-market Customer's Morning Letter (CML) on the following link at

http://wallstanalyst.com/Customer-s-Morning-Letter/customer-s-morning-letter-2.html

Focus Concepts, Sectors, and Companies:

Bitcoin
AT&T
S&P
Coinbase
Intel
Twitter (News - Alert)
Google
Amazon
Leap Wireless
Vodafone

For more information visit www.wallstanalyst.com


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