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Verizon Communications Inc. Message Board

  • mystk7 mystk7 Dec 14, 2010 6:32 PM Flag

    45$ is next resistece using

    5 year chart

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    • I look at monthly charts to identify cyclical relationships as I am more interest in the time factor that is heavily discounted from technical analysis. Based on the cyclical view from where the cycle to appears to be occurring, it would appear that you are in the ball park. Think there will be a retracement from that point down a good $5/share, after that, think over the long term we're going to see VZ top out right around somewhere between $80/$85 share long term, at least as best I can ascertain. Some folks may be very skeptical, but from my past experience when MCI was trading, pulled the trigger on some MCI stock 10 cents below the high when it traded up to $93 and some change. Back when MCI was the darling of Wall Street, Bernie Ebbers and Scott Sullivan were cooking the books, the rest is history. Think VZ is now becoming a new darling of Wall Street, not by cooking the books, but because VZ is doing the right things. Long term I see somewhere between $80 and $85 topping out.

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