The Fed cuts interest rates by 0.5%. The DJIA, SP500, NASDAQ all jump. Meanwhile AT&T stock goes DOWN 30 cents.
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He is such a stock genius:
https://finance.yahoo.com/news/att-ceo-on-fed-rate-cuts-they-will-make-our-stock-look-more-attractive-163444394.html
Stink. Stank. Stunk. Stock
Go Stankey. Make AT&T great again.
Who is making the stock go down? And why is he doing it?
Dump T stock if you still own it. It is toxic.
Stank is still a pillowbiter.
Weird. 44,407 was a magic number on Friday for a number of C-Suite.
I think a question any shareholder should ask is:
Would the CEO hold any of this stock if he didn’t work here as CEO?
Do you think the CEO will keep his shares once he exits the company and can cash in his options?
If the answer is no, you shouldn’t own the stock.
I don’t know why anyone in their right mind would invest in a stock that can increase revenue by cutting heads.
What’s going to happen when there’s no more heads to cut?
You can tell a lot of the old-heads on here who made the mistake of holding T are only looking for the stock to get back above their cost basis so they can sell.
It’s a pump and dump, not an investment.
If you’re hoping a stock only goes up enough for you to get out of it, then it’s greater fool theory and not a good investment long term.
... and the Stink is pleased!
Stink gets to continue to abuse shareholders!
Tech isn’t dipping and we aren’t seeing a rotation out of it, the past few days have seen a rotation back INTO tech…therefore by having money in a stock that never moves and mostly just pays dividends, is seen as a liability and you’re seeing people rotate back out of it.
We will see if the gains in tech maintain, the market is in a weird place, but T isn’t a good investment either way.