Time to back up the truck? Or will Telecom fall further?

Telecom shares (NZX: TEL) were down 1.74% to $2.26 in early afternoon trading, right at the bottom of their 52-week band ($2.26 - $2.88).NBR asked Forsyth Barr's Guy Hallwright, How low would the telco have to go before investors should hit the “buy button”.“If it falls below $2.00, my fingers would get twitchy,” said Mr Hallwright, who currently has a hold rating on Telecom.

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