Hard to say how much impact the news from ACCC had on Telstra.
The market sell off have certainly made it much worse.
Market sentiment has been really negative and traders will focus more on bad news than good ones and Trump is responsible for causing instability in market sentiment with his trade war.
The damage seemed to have been done and it will take so much more than good news to bring back positive sentiment into the market........those selling into strength have done well.
It safer to hold CASH and sometime to do nothing is the best strategy as no one can read the market properly.
Telstra can go either way and It would not be that hard to see SP go down a lot more.......news from ACCC has created unnecessary negative sentiment and uncertainty...... 5 G news is becoming irrelevant and no one cares.
It was doing extremely well going into 3.09 till ACCC created the damage at the wrong time with negative market sentiment.
That is the reality for now.......in months to come ??? one think it should be higher than it is ...........unless ACCC comes up with something else that no one can see........CERTAINLY quite POSSIBLE..........look at the damage Royal Commission did on the BANKS...
Once the confidence in the market and property market/economy damaged people will spend less money and everyone will suffer, retailers etc will have to let the jobs go and so on.
News on the papers today said the government is becoming worried that the banks are not lending enough money ??? they are joking ??????
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