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Phillips 66 Message Board

  • igurumo igurumo Apr 10, 2013 11:18 AM Flag

    New Strategy for PSX/COP Strategy!

    I am taking my profits in PSX and reinvesting back into the mother ship. I think PSX is still a good hold here, but far more money now to be made in COP. Take advantage of the PSX run up and be positioned for coming COP surge. Plus the far better dividend of COP. Just my honest opinion.

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    • Forgot to mention that I plan on buying a little of the MLP also. I think that will be a good play.

      Sentiment: Hold

    • CNBC guy said PSX to 60 and then up and away. I say the HFT guys are having a ball with this stock and setting up a low entry point for a run to 100 !!! Fundamentals are super solid low PE and the best supply contracts in the industry. New entry point is near beware ridiculous volatility by the HFT thieves.

      Sentiment: Strong Buy

    • Different circumstance here perhaps....going to keep DRIPing my PSX divi into COP shares and hang on to PSX. It may be time to sell some now in front of the MLP and 1st Q report but playing with the "houses" money.
      BTW, also think good chance both PSX and COP raise divi in May.

    • I think you are right Iggie. I will probably wait till 64 and sell a bout a third of my PSX, sell another third at about 67.5, and if it hits 69 sell all but about 200 shares. I will put this money in COP. I think COP has a long run ahead and like you say pays a great dividend.

      Sentiment: Hold

      • 1 Reply to panhandler1949
      • Let me hop aboard this sensible link and add my two cents.
        The call options on this stock are in my opinion quite high.For instance the Nov 62.50 calls are almost at 10% of the underlying price
        In other words PSX would have to be trading at or around $70 by November just to break even.
        This is extremely high and leads me to think that there's some (i won't say smart) but serious money paying these prices.
        I've played options for many years and although my background is in another field I think that there's something to be said about these high premiums on PSX.
        I hope someone can comment on my theory.
        Cheers D...

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