ON SALE

T
T has been really weak for the past couple of weeks and it really concerned me. I did not pull the trigger only because it had relatively small volume. And today, the news is out, Verison wants to dump its 70 million shares. While the price has not been determined, it will certainly create an overhang in the near term, which will put a ceiling on the shares. Now the question is should I follow the lead of Verison? This is the most frustrating part for small investors. In principle, fundamentals have not changed at all. The stock is under pressure only because some big shot wants to get out, for whatever reasons. On the other hand, do I hate to see price going down as a result. And It went down rather hard. Normally, this kind of circumstance actually creates a buying opportunity (PetroCan, for example), but if you are in it already, it only gives you headache. Looks like I will choose DO NOTHING, which is really hang on there.