JohnnySecretz

Buying the LUMEN Technologies Dip

Long
NYSE:LUMN   Lumen Technologies, Inc.
Lumen (formerly CenturyLink) is a large telecommunications company that carries a large debt ratio and its stock has under performed for 10+ years.

I like this dip as a buying opportunity before the upcoming earning. LUMN is printing a 52 week low. We haven't seen these stock prices since 1987. It was hit by two cyber attacks in late March.

I think it could bounce very soon or go as low as $1.67, before heading up to $5.