ConocoPhillips Message Board

drd3tr01t drd3tr01t • Jan 31, 2013 12:08 PM Flag

0 users liked this posts users disliked this posts 0

Reply

Buying op?
Non-professional investor here. I would like to start building a position in COP. I of course don't base my decisions on Yahoo message boards... but curious to ask. You guys think this is a good op to buy or maybe wait longer?
Sort: Newest | Oldest | Most Replied Expand all replies
- mikefinn90505 mikefinn90505 • Jan 31, 2013 12:38 PM Flag
  
  3 users liked this posts users disliked this posts 0
  
  Reply
  I added today at 58. Earnings report was good, the discount is a result of PSX spinoff, IMO.
  
  Sentiment: Strong Buy
- cantgthrtondirt cantgthrtondirt • Jan 31, 2013 12:23 PM Flag
  
  1 users liked this posts users disliked this posts 0
  
  Reply
  58 held pretty well, that's where I added, the next support is 57.50, it's possible we see that but I would get some near 58, or 58.20 is some support lower from here. long 450 sh
- retaoba retaoba • Jan 31, 2013 12:14 PM Flag
  
  1 users liked this posts users disliked this posts 0
  
  Reply
  Not a bad opportunity, some over reaction here most definitely. How long will it last, and can you get it cheaper? If I know those answers I would be selling advice, not giving it away LOL.
  FWIW, if you get a 7-10% drop, and the long term fundamentals remain good, it is a buying signal.
  Try selling the may $55 puts - get paid to wait...
  
  Sentiment: Buy

Back To Board

Previous topic Next topic

COP

63.310.88(+1.41%)May 17 4:00 PMEDT