Oil shares, a strong spot for the market all session, weakened late in the day after U.S. Energy Secretary Bill Richardson said he was ``seriously considering'' a request to sell crude oil from the Strategic Petroleum Reserve in order to push down crude oil and home heating oil prices this winter.
been looking for an opportunity. Got my first 100 shares today. Intend to add to it if it goes lower. Even if it plateaus here for awhile. I suspect I'm like a lot of folks who like to bottom feed. I may be early, but this is a prime cut company on sale.
I bought at 60 and at 40. Im long. The hope I have is that ecommerce figures post holidays will reveal surprising results and hopefully factor into FDX low price. I looked at some comparable P/Es and most companies are also in the high teens low 20s. Very few comps have FDX fundamentals and market caps.