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Hi Velo,
Do you thing the market as a whole is going to just tread water for quite a while including BT stock? What are the chances of a return to £1.20? I bought £10, 000 worth at £1.03 recently, quite a few commentators think BT is a buy around this level.
Hi Velo,
Didn’t you say they could drift back down to 2.50? Plus as always most shares depend on how the overall market performs too. US markets were down again Friday so maybe Monday we follow? I suppose we could get a good run though up to the Christmas Rally period? Dunno
Wow Velo, you're back! Nice to hear from you! Last time we spoke the shares were in the mid �2.40s and u were saying there might be a slight move up? That didn't happen and the man from Investomania ended up being right and they headed down to �2 !! Unfortunately, on the Motley Fool site recently one writer was asking if the shares could fall back to 2009 80 pence levels, he was saying they could well do !! Maybe maybe we might get a short term bounce but that downtrend is still firmly in place. I'd be careful my friend! Thanks.
Because I worked for BT for 25 years and will therefore always have an interest in this great company. It will be back but not for a long time. I've also just started taking my lovely BT pension and �56 000 lump sum! I posted before that BT hit a low of 75/76 pence back in the earlier 2000's. I still say it is not impossible that those lows will be tested again, never mind what it means for the yield. It is not safe to be holding these shares at the moment! U could be wiped out!