Sold VZ for $36.12 per share, from the $27-28.50 range between May and July of last year.
A recent report came out which dampens the prospects of new VZ iPhone users, basically suggesting that VZ is better with calls, but the full potential of the iPhone still cannot be accessed with the VZ network.
Since the transition to the VZ network was going to take years anyway, I just don’t like the prospects of VZ ramping up past $40 any time soon, especially not in the wake of this slam piece. And since that represents a mere 10% gain from these levels, I’m not interested in waiting any longer.
This market has spoiled me; there was a time when I’d be ecstatic to sit around and wait for a 10% gap, but with food riots, housing prices sliding, and cheap ass utilities abounding, I have better use for the money right now.
That being said, VZ is still the superior network, is already implementing its 5G infrastructure, and will continue to outperform as they appear to be the only network dedicated to…making a better network. While the other assholes fist pump themselves in mindless commercials talking about how great they are, VZ will continue to define themselves by actually being great. And with a nice dividend, that makes VZ an excellent stow away position for the IRA or 401K.
Just not a good hold for my portfolio, which is decidedely more aggresive, and not interested in waiting a decade to squeeze 40-60% out of this massive (and decidedly well priced) company.
On another note; what the fuck is wrong with you iPhone users? You have to be the most ostentatious choch-bags on the face of the planet. Has it ever crossed your minds that no network can adequately handle your information drawdown if you’re in the middle of a call while simultaneously attempting to serf the internet for pornography and trying to solve for the 1 googolplexth digit of the golden ratio?
I’m not a fan of T, but if I were them, I’d be glad to be rid of some of you.
Update: I also sold out of 2/5 of my NRP position, on the desire to raise money. Coal is sweet, but I’m thinking that coal companies are getting a little expensive. I intend to take an in depth look at them later on. Also, thanks to massive gains over the last two years, this was my largest position, followed by TLP and MGM.
I wanted to scale back out a little bit, so that it wasn’t such a large influence on my portfolio. Combined with the sale of VZ, I have a healthy 13% cash position. I’ll look to redeploy those funds soon.Comments »