New Zealand Telecom (NZT)

Action:
NZT is a telecom company in New Zealand. This post(pick) is a tribute to Peter Schiff - an economist, whom I adore. This is a conservative play which pays a dividend of just under 7%. It is highly possible that the dividend eventually ends up higher, given the fragile nature of the USD.

Anyways, as seen from the chart, the pattern in this stock is pretty obvious. It is a slow moving stock with a period of 1.5-2 months, from one end of the channel to the other.

Guess:

We are interested in the short term potential of this stock. It seems like a conservative play in the short term. This could go upto 15 in the next month or two. Unfortunately, the company just declared its dividend on June 13th. Probably, it will be at its high point during the next dividend payout.