This is second day in a row where a market appears to be moving up in early morning mostly in premarket but suddenly reverses. For T, I think insiders have revealed their hands that profit taking has commenced. The price of equities overall indicates it will increase, but shortly after reverses direction and drops much lower. Look for an unusual large drop any day now. This has been a highly manipulated stock recently so difficult to say when but soon, as soon as any insider start to sell, others will follow quickly.
I totally disagree that T is a sell. No stock goes up in a straight line T might pause or pull back some that would be the time to buy more. T will get to $40 that is where resistance is once T passes forty there is no resistenance.
Five years ago T was at $42.30 but I don't believe it will a factor.This is only my opinion and I'm sure there will be some that disagree.
But on pull back T is going to $40
It sure popped all of a sudden.
Whole market jumped? why, Bernanke fire up the printing press? QE3 announced?
I sold T. Will be back most likely. Still have my VZ. June 2008 to June 2012, 4 years of DRIP adds up. I wonder if I will regret this sell.
good luck to you longs
I agree. If economy improves especially if Rommey is elected I see dow at 14000 by June of 2013 and T will reach $42 at the least. Bought June of 2010 at $24.32 and very happy. Actually only got in for the divy but will take the price. Have $60K on sideline and wondering if I should put it in. Waiting till November.
Insiders huh? Who are the insiders? How many are there? Where are they? Do these insiders speak to you at night? These insiders are probably the same insiders that caused today's reversal you so accurately described. Maybe you're an insider?
This is a no-brainier. Ignore this lunatic.