Darrell *OT*
Are you posting over at the Yahoo Zoo? This post looks suspicious to me <ggg>.
Best regards,
John
T Now Trading Below Book Value !
by: StkWin 9/25/00 4:09 pm
Msg: 89659 of 89748
Hard to believe that T, the stock that was always a safe haven for widows and orphans, has turned out to be such a nightmare. Earlier this year I took a real beating on another stock. I sold everything at a BIG (6 figure) loss and dumped what was left into T at $50 and then the rest at $39. I thought it was safe, and every analyst was bullish at $50. Now I'm in another nightmare with T. The whole market is SCREWED up and irrational. Stocks with no earnings can trade at $100+. Stocks that make money trade below book value. The analysts are all F.O.S. I'm leaving my investment in T alone, since it is mainly in my IRA, that has lost 80% of its value. I hope that when I'm 65 in 20 years, I'll get my money back. In the mean time all of my money is going into C.D's that are now paying 7 to 7.5 %. Everyone I know that has invested in the market over the last few years is getting hammered. If they happened to make a "killing" at one time or another, they have now given back all their profits and then some. The days of 30 % and 100 % returns in the market are over for years to come, IMO. Now the majority of people are stuck trying to get even. Personally, I've had it with stocks, analysts, marketmakers, CNBC and all the manipulation that goes on day after day. Look at MSFT, LU, GT, XRX, T, MAT, PG, etc...All world class companies that are at multi-year lows. The list goes on and on. A 7.25% FDIC insured CD is not so bad after all. Better than losing your hard earned money. I like sleeping at night, not having to worry that my stock will fall 30 points because they missed the quarter by a penny. Good Luck to ALL from a fed up stock investor. |
