T could be forming a huge head and shoulders, it has not regained much from the top in 2007/2008, but the stock now yields near 6.7%, so we could argue there IS compensation for risk. When the SPX 500 yields 6-7% and not 3% or less we could argue for agressive buying as price will have collapsed to near bear mkt lows.
Just a thought. Recent bear took T down to $20 area, a new round of selling could do same. Dividend should be sound unlike BP's.
D
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