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Interested in saving and investing for financial freedom. Mid to late career IT worker with 20+ years in the state retirement system seeking alternate income through dividend growth investments. Final goal is to pass it down to my children and that they do the same for their children-a continuing generational wealth transfer.

Saturday, October 13, 2012

AT+T - buy or sell after the dip?

Seeking Alpha has a few articles on att's recent 6% dip. Is it a buy now or will there be a further beating? I have a cash secured put in, strike price 35 for Nov 17. Split the difference, get paid to wait either way!
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2 comments:

  1. AnonymousOctober 13, 2012 at 10:34 PM

    T has had quite a run this year. I told a buddy to dump it at 35 and of course it ran up to 38. It should find solid support at 35 but if it breaks down below this, additional selling will ensue

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  2. jcOctober 14, 2012 at 6:08 AM

    That's a plan that makes sense if profit taking is wanted. I think it all depends on your goals. I am still accumulating and building in preparation for income distribution later on (hopefully). T is one of my anchor stocks and pays close to a 5% dividend so I'm long T. Best of luck!

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