Yeah, I remember you. You didn't post that you sold any FTR -- so don't claim after the fact that you did.
You own a dog.
If FTR were not in play it's volume would be more like 2.5 million a day down from 10 mil or more av. It's a small company with poor earnings and hasn't paid down debt since 2008 while the purchased accounts have runoff big time. She's dead in the water...
I bought most of my VZ shares the summer of 2010. My basis is under $30. I 'm doing just fine son. And you're doing well flapping your gums. So we're both happy.
Both, FTR has been on a south trajectory since the VZ #2 conversion screw up. The program traders follow it up and down. I traded the stock many times. The spike Friday was not based on fundamentals or news but if FTR didn't have poor fundamentals it wouldn't be as irratic. The high yield fundamental has become irrelevant.
Short covering, but FTR is in play and program traders go short, long then repeat the process. That's why the volumes are so high. Because of the constant position shifting FTR pps is artificial and not based on fundamentals. FTR trades 4x T or VZ based on shares outstanding compared to volume. If you are trying to swing trade FTR you are up against pros.
I love you when you are right too. In fact I'd like to make love to you with a regulation ash bat. You get more feedback from wood compared to metal, would you agree?
The "Legacy" or existing revenue base lost about $29 mil net Q2 2016. During the prior three quarters the net revenue loss had totaled $13 mil which was about $4.33 mil per Q. That was a 6x jump. It brings gs up two issues: 1. We're the #'s being managed? and 2. Have new sales in the base petered out? This was the case right before the first VZ purchase. And all the debt from VZ #1 and prior purchases is still on the books while the revenue has gone to other telecoms.
"Due to iT's relatively low price..."?
FTR has a low price because of its financial performance and financial condition.
FTR is in play controlled by program traders who are long then short and so on through any given day.
Stop looking for the boggy man because it's you.
FYI -- A URL for the old message board - still active
where xxx = stock symbol
I posted this on some new "conversation" boards - works. But you have to input each time - can't go from one old board to another. But my Android tablet can - I have refused to download the new Yahoo mobil app and it still goes to the old boards and I can go anywhere on the old format without using the URL.
I'm back trash_bin. I'll try to add numerical analysis to this mix of undocumented conclusions from sage and his ilk. But I will only do so when I use my android tablet. Unless someone posts an Addy for Windows.
When you look at the next $.105 dividend on December 30 that's 3.5 months hence -- not any protection at all in rough markets. Now Citi says the divvy may have to be cut. If you examine the Q2 Earnings PR you see that the "Legacy" base revenue runoff was up more than 6x the average revenue losses in the prior 3 quarters. That is a sell signal. Not only was it big but it looks managed.