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?
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...