Chevron (CVX) guides up for Q1, saying in an interim update that earnings will top last...

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bbaconsurf Comment (1)
 
Chevron is a company a buddy of mine has been employed by for many years. He never said a negative. Hard to believe his only complaint was with a few idiots, but the company he claimed was first rate! I bought shares higher and have been buying down. I bought on margin and I am getting a little uneasy, because I have never bought things unless I paid as I went. But the price kept dropping this week and my only thought was to buy in lower each time the market dropped. I lowered my share cost by $2. I waited for this announcement with a vague notion it will be positive like it turned out to be. My back ground is in Municipals, so I think like a bond trader not a stock trader. It has been one hell of a lesson this past 5 days! If my dad knew how much I am in over my head he'd disown me as a nut case. But with that said, unless something catastrophic hits the market in the next two weeks, I'd say CVX has a good opportunity to advance, after all this company has continually performed well. S&P says it is worth $108 a share. I am sure some disagree, but today after hours it was up $.60 just like that! On the flip side, it's true value is $66 or somewhere near there, the market has so much inflated prices added in, so where do you draw the line?
11 Apr 2012, 03:41 AM Reply Like