Six Positions I'm Bullish On

I did a lot of trading this November. I haven't been disclosing all my trades along the way, but hopefully some of the changes in my top holdings will give you an idea.

1. Berkshire Hathaway (BRK.A) - Up from #3. Wish I owned more. This just keeps going up huge. The stock is benefiting from the earnings momentum in Property and Casualty insurance, plus it's considered a safe place to hide given Warren Buffett's dislike of complex derivatives.

2. Chevron Corp (CVX) - Same at #2. Even with oil down, the stock is still cheap. And since I don't like Exxon (XOM) for many reasons, Chevron and Conoco (COP) make up my oil exposure.

3. Ishares Inflation Protected Treasuries ETF (TIP) - Down from #1. I've sold some TIP at 106.75. Plus I've some of the calls I wrote against the position have been exercised against me. While I still think TIPS should make up an important part of any portfolio right now, I'm waiting for a pullback after my sales to pick up some more.

4. Conoco Philips (COP)- Same at #4. See my comments on CVX. They have been getting some positive press because of their refineries that are projected to have better margins with oil prices falling in the last month.

5. B P Prudhoe Bay Oil RoyaltyTrust (BPT) - Same at #5. This is an embarrassment of riches. I wouldn't buy this now but I have so much in capital gains this year that I can't sell until 2008. As the royalty owner of the oil under the ground in Alaska, BPT is my least socially conscious investment.

6. Citigroup (C)- Up from #7. The stock falls, I buy more. Abu Dabi buys more. People who average down are buying more. I've had my fill. Stock will rally on a CEO being chosen. My favorite choice for CEO is my old boss at Morgan Stanley (MS), Vikram Pandit.

Comments

[WILLIE]

great spot very informative

[DaveinHackensack]

I bought BPT last year too. I've been reinvesting the big dividends in an IRA. No complaints.

Have you looked at this oil stock: EGY?