Buy, Sell, or Hold? (2)

Of course, that doesn't mean that other stocks are immune.

Investors (and traders) can panic when they see the decline of the averages and they sell everything.

And sell they have.

The decision to buy, sell or hold shouldn't be based on the overall market.

It shouldn't be based on fear or greed.

I believe we need to look at individual holdings to determine which action we should take.

I don't know of anyone who has stopped using their telephone or internet based on the recent decline in the market.

You'll continue to use it and you'll continue to pay your phone bill month after month.

That's money the telephone companies can use to grow their businesses and to pay dividends.

Rural telephone companies also receive subsidies from the U.S. Government.

This represents a very stable cash flow.