Well here I go again, telling everyone $38 by Friday and I get out on Thursday at $37.74. Oh well, I made over $1,400 in two days so that is well above my average $200 per day. I will be buying puts when it gets over $38.
i bet you were in Apple at $700 thinking it would go to 1,000 AT&T at 42?? Sept 2012 it was trading at 38. 6 months later its trading at 37. No chance of it going up $5. More likely it will go to 35 and hoping it will go to 38. Hit 35 in Nov, Jan and Feb.
That is what I always do; get out too soon. By Friday the price will be above $38 due to the upcoming dividend. But you made a great profit and got out before the pullback next Thursday ex-dividend. I don't understand why you would trade an up-trending T for a down trending X but "to each his own".
How long in? I think the first week of January or last week of December. Out too soon? Out too soon would have been when it was trading in the high 36's. Don't forget the old saying. Out in May. I think investors will be getting out in Mid April. Also, i don't want to be in T when Apple goes down hard in earnings. It will take AT&T down with them. Not invested in US Stele, I said its looking interesting, I got in raido shack at 1.99 when it was trending. got out at 3.00