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Occidental Petroleum Corporation Message Board

  • guy_class_of_71 guy_class_of_71 Aug 25, 2013 10:05 AM Flag

    Did Friday's Move Portend an uptrend?

    There must only be a Baker's dozen of us who hold OXY stock directly and not through a mutual fund! Very quiet on this board. So either Friday's move signals that the bottom for this stock is about $85 and some programs bought on Friday or someone has heard something about an announcement of the pending restructuring. Either way, it's long overdue to have gone up. Like you, I could have put this money into something else last 8 months and made more. Dividend is nice but without stock price rise, this is a laggard this year (and last.)
    "Pray to God and continue to row to shore (old Russian proverb.) Hopefully there is a change in September.

    Sentiment: Hold

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