$AT&T (T.US)$ Today had NOTHING to do industry growth. This ...
$AT&T(T.US$ Today had NOTHING to do industry growth. This is very competitive industry - all know that - and if you really read the presentation, they feel they are right on track with cleaning up their mess.
Today was about capitulation. The weak hands that thought they could tough it out - hold fast - are folding after seeing an endless sea of red. Combine that with tax loss selling - what, we're 30 days out for the wash sale rule if they want to get back in next year?
134M shares changed hands today. Average daily volume is around 40M shares.
May not be to the final dump yet - but we're getting close.
I added more shares today - in incremented buys. Sale of the century going on right now.
Long T.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
darthzazu : I concur -- When I see so much negativity in the comments, I know the bottom is near.
Honestly it's not just T, look at all the "Value" stocks (VIAC, BMY, KHC, FARM, etc.), they have all been going down every day for the past 2-3 weeks. Selling begets more selling. It's a value investor's dream...
Buvirus Upanishad darthzazu: not just value.. look at small/med caps
Half-closed Buvirus Upanishad: Meanwhile, the large growth stocks go to the moon. This market is so bifurcated.
JoanFishers : I tend to agree , management is horrible but it’s just too cheap