Anybody picking up ATT stock?

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Submitted by moneymaker on October 24, 2017 - 6:54am

It's at a 52 week low. Figure if Time Warner merger goes through it might go back up. At any rate, don't think they will be going out of business anytime soon.

Submitted by moneymaker on October 24, 2017 - 7:20am.

It's like watching a giant boulder rolling down a hill.
https://finance.yahoo.com/quote/T?p=T

Submitted by HLS on October 24, 2017 - 4:06pm.

If you think it has limited downside from here OR is going to bounce you can buy the stock and sell ITM calls.
It should go EX-dividend the first week in January for 49c a share..

A boulder the size of T ( or GE) doesn't roll downhill forever,
although GE could cut their dividend. I think T div is safe.

Your thoughts ?

Submitted by moneymaker on October 25, 2017 - 6:45am.

Think when Time Warner merger goes through it will pick up, or when they announce 5G on cellular it will bump up. Heard they are doing early trials with 5G. There will probably have to be tons more antennas but ATT owns a lot of telephone poles so that should help.
Ok maybe it is more like a tumbleweed going down a hill. Get it , tumble weed!

Submitted by HLS on October 25, 2017 - 10:55am.

Never underestimate how wrong a projection can be.
NOTHING is guaranteed in the stock market.

There are companies that lose money with stocks at all time highs.
Other companies have billions in revenue and are making money yet stock prices are near lows.

Chart says that T has major support at $32. Doesn't mean that it can't go lower....
It's $33.43 at the moment.

In the long run, hopefully it's a safe investment for you.
Options pricing clearly tells you that it's not clear if it will continue to fall. This could be a golden opportunity.

if you own it at a higher price, I would consider adding to your position, either with shares OR options.

The stock market is irrational, emotional and risky.
It is not the safety net that most people seem to think.

**As Warren Buffet says....Be greedy when others are fearful.

Submitted by moneymaker on October 25, 2017 - 8:07pm.

My only reservations are if it is just a preface to a pull back. I think I will pick some up for the long haul as I think they are well positioned for the future, just not sure about the short term.

Submitted by moneymaker on October 27, 2017 - 9:13am.

Will T hit a new low today? Probably not.

Submitted by HLS on October 27, 2017 - 10:01am.

If you are a believer in charts, there is much support above $32-$33 over the past 5 years.
Charts play a big part for many traders regardless of anything else.
They don't look at fundamentals OR annual reports.

Crazy volatility on T this month. It's been ugly.
Options are another way to create income. You can also limit your risk exposure when used correctly.

If you like dividend stocks that have been beat up take a look at GSK & GE.
It's impossible to pick exact bottoms.

Submitted by moneymaker on October 27, 2017 - 1:11pm.

Prefer the P/E ratio of T as it is more inline with traditional companies like Ford.

Submitted by HLS on October 27, 2017 - 2:17pm.

P/E ratios in many cases are completely manipulated and can be a trap.
TTM, current and future projections are misleading.

For many years Jack Welch at GE beat earnings expectation by 1c.
You think that was a coincidence ?

Take a look at many stocks that have done well this year,
in many cases nothing to do with P/E's.

Accountants can adjust the figures in many columns to get the final number where they want/need it to be.

This is why charts offer information not found anywhere else.

Submitted by moneymaker on November 3, 2017 - 7:50am.

T is in the 32's now. Is the blood letting over? Uncertainty prevails. Will be watching. If it gets down in the lower 32's I might dollar cost average with some more shares.

Submitted by HLS on November 30, 2017 - 11:06am.

T held its support. Up 13% off the low of 3 weeks ago,
I hope that you were able to buy more

Submitted by flu on November 30, 2017 - 11:52am.

Verizon has been much better imho.

Submitted by moneymaker on November 30, 2017 - 1:57pm.

In the last month they seem to have done about the same. I did dump my T shares today at 36.9, set that sell price 3 weeks ago.Bought 3 or 4 times on the way down. The nose bleed market just makes me skittish.

Submitted by HLS on November 30, 2017 - 2:47pm.

Nice going! Good call.
Everyone should be skittish about the market ALL the time.

Nothing wrong with taking profits. There's opportunities every day.

What's next on your radar ? ;-)

Submitted by millennial on November 30, 2017 - 8:14pm.

Personally been long on Restoration Hardware and Dilliards

Restoration since the CEO has been messing with the valuation to reach $150/share at which time he should receive a huge payout. Up about 20% since purchase 2 weeks ago.

Dilliards due to the low market valuation compared to net assets. Similar to Sears company holds a lot of valued RE. Currently short interest is very high so should have high upside once short sellers cover.

Submitted by flu on November 30, 2017 - 9:36pm.

I am surprised none of you suggested Bitcoin....lol.

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