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Let me say it plainly, simply.

Not by any means wishing to rub salt into the wounds, because I've been bitten myself TWICE by this share...

Telstra is a capital "d" DUD stock.

What should probably have been the Microsoft of Australia, the internet superhighway, is now a pot-holed country lane.

Were TLS a market monopoly, it may well have been $100 plus by now....

But it isn't, and even has governmens of all colours totally committed to eroding its market share.

Why does a stock go up? Growth.

Telstra does not grow.

Looking back through this thread, I'm reading the same blindly optomistic arguments given everytime it makes an even lower low "ah....it's cheap at this price"
"Ah, what a great dividend"

It has fallen through $2.94 support --- a whopping 18 cents below that support.

It should have perhaps held around $2.90 ex dividend---but they've taken the dividend now and kissed it goodbye.

It keeps making lower highs....and it keeps making lower lows in a relentless down channel.

It's a dud....it's a dog.