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.
