At least for a while. Probably a long while. It appears that last July Verizon just completed a nice impulse wave from its 2008 low. Recent decline would be the beginning of a counter trend downward move that will bring prices down to 44 at minimum if not lower. I can even be more bearish if you want to but let's take it once step at the time. After all we have plenty of time, that impulse lasted nearly 8 years. This unfolding decline should last at least a couple of years.