re: This appears to be more of a reckoning than a correction...my goodness,

quote:

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I keep T on my primary watch list and it dropped through the bottom of its "normal" trading range channel. I figured even if I misjudged and it drops further at least I'll get a 5.7% dividend yield while I wait for it to recover. I'm pretty sure its dividend is reasonably safe. The DirectTV merger assured the dividend for the foreseeable future, IMO.

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Thanks for the insight, I didn't think it was a quick flip stock since its 52 week moving is only a few dollars, although, I'm sure you're buying in huge amounts that make a 50 cent or one dollar move worth it.