It's officially over for this stock. Down AGAIN on a day like today (and on big volume!)????!!!!! What could possibly make this go up if not a day like today? Not sure where the bottom is but we are nowhere near it. Glad I didn't buy near $39!!!
The Dow going up or down rarely means much to this stock, T is a dividend play only, and rises and falls with interest rates, as of now there is a big fear of the Fed raising rates, hence T and VZ will not do as well,, more T only because as of now they are not earning enough to keep paying this dividend..... just my opinion...
My understanding ... although interest rates can and will effect defensive type & utility stocks - T & VZ are top tier, solid, and well run companies - but still can be influenced by unneccessary non-related outside forces known as knee-jerk reactions & current political revelations.
I think if anyone is serious about owning a telecom ("T") for "long term" .. look at today's price & divy !!
And don't sweat the small stuff because T will only grow better over time.
Another victim of our dumbed down ejucation sistum. T earns $2.52 per share and pays out $1.80 in dividends. Next year projected earnings are $2.70 per share. How do you form the opinion that T cannot increase the dividend?
T may be down but it is not out. The chart indicates it is about to move up. It moved up too much yesterday and it was a hard act to follow. Yesterday the Stochastic moved above 20 (a common buy signal). The bottom is $34.80 and were there at the beginning of the week. I think we are down today because it is suspected that Verizon is not the only phone company that is being monitored by the government.
Hi Wilkes71, I saw the same thing yesterday, and I agree with you. I buy when all 5 technical's on my chart turn positive, currently all I am waiting on is "MACD", no big deal. T will continue to mostly move sideways until we hear from the Fed at their next meeting. I will be buying very soon, if I can get shares at $34.75-34.95, I will jump in with both hands!