CRAMER, in his way, WARNED you to SELL yesterday. He KNOWS P/Es are to high!
Forward PE of 16 is not high for a company growing like VZ. They can reduce their capital spend anytime they want to pump up earnings 4 or 5 Billion. It is a cash generation machine with a good divvy. Buy and hold for 5 yrs and you will be rewarded.
touche ... i could never figure out shorts anyway ... there's tons of stocks out there with monster
short positions and they keep grinding higher .... sort of makes me think that shorts are dopes ...
later .... g
GOOG hit the triggers on a lot of names today. Either way, the Fast Stochastic bottomed on the intraday. Once things sort out after lunch, this could be primed for another leg up toward the 46.50 level. If not, then it is pure profit taking ahead of any options expiration movement tomorrow.