• zoralsurgeon
    Anyone eyeing $CVX below $120? I already have a position with $COP but am eying more $KO, $AFL, or starting a position in $T or $XOM
    10/3/13
    Reply (18)
    • financeminister: I had bought $CVX at $117 recently... believe it's a good long term integrated buy instead of $XOM (growth saturated?). Not a big fan of $KO
      10/3/13
    • zoralsurgeon: Why aren't you a fan of $KO? Just curious.
      10/3/13
    • Michael Fitzsimmons: $CVX under $120 looks solid to me. The $1/sh div is sweet n strong GoM production growth is coming soon. Q3 mid-qtr update coming on oct9
      10/3/13
    • Michael Fitzsimmons: But Republicans seemed determined to knock the market down. Everyday this BS goes on may provide a better opportunity the next day....
      10/3/13
    • financeminister: my 0.02$-I feel $KO growth is saturated.Stock has been range bound.I hold 2% in my portfolio& will continue holding as a defensive stock.
      10/3/13
    • financeminister: this dip however does provide an attractive entry point for someone who believes in $KO long term as they are share holder friendly.
      10/3/13
    • zoralsurgeon: The problem I have with $CVX is the pps is so high that I don't feel like I can't make as many gains as a young investor with limited funds
      10/3/13
    • financeminister: If that's the case,then don't break sweat.$COP looks like a good play too.I would go for $CVX only if you are in it for the long haul(5 yrs)
      10/3/13
    • financeminister: They will reach a deal on the debt ceiling last minute. Then the markets will pop back up. So you could keep that in mind.
      10/3/13
    • financeminister: So there will be more turmoil short term.Building cash position may not be a bad idea as stocks and markets are near their highs
      10/3/13
    • financeminister: I see $CVX as a long term value play. Less capital apprechiation but more buybacks and dividend increase.
      10/3/13
    • theoptionrider: today I just opened up a JAN credit put spread on $KO, SELL 38.75, BUY 37.50 for a .75 credit. Time decay will be my friend. I also own $KO
      10/3/13
    • theoptionrider: but this is a good way to juice my returns. I did this with 10 contracts, $750 total credit, and only using $480 of buying power
      10/3/13
    • theoptionrider: I believe shares will rebound once this DC crap gets resolved, also divy increase will be announced by my Jan14 expiration.
      10/3/13
    • theoptionrider: all things to take the stock above 38.75, or at the very least trade sideways and let time decay do it's thing
      10/3/13
    • Michael Fitzsimmons: zoral: I wouldn't don't worry about pps, or # of shares you can buy. it is the % return based on amount invested that is important.
      10/4/13
    • zoralsurgeon: Good point, Fitzsimmons. Thanks!
      10/4/13
    • StepUp: Fitz is correct but also be aware of how your transaction cost effects a smaller purchase. If you are paying $8 per trade buy at least 1K
      10/4/13