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.
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.
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!
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.
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.
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.
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.
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.
