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TranceAddict Investors Club @ Marketocracy (pg. 136)
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| hiram |
hey all..
never really participated much in this thread but wanted some input on a few stocks ive had my eye on. keep in mind i havent followed the stock market too closely.
what do you think of Diageo stock(DEO) Tesoro(TSO) and Sunoco(SUN)
diageo is the lowest its been in 2 years and liquor sale is relatively recession-proof if there is such a thing.
sunoco seems like a good buy heading into summer driving season and affordable at that. throw in that oil markets seem to be somewhat more stable than months past.
tesoro seems affordable at the moment as well and heading into the summer with stable oil prices could yeild some returns so long as gas stays cheap. |
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| sean5 |
| quote: | Originally posted by hiram
hey all..
never really participated much in this thread but wanted some input on a few stocks ive had my eye on. keep in mind i havent followed the stock market too closely.
what do you think of Diageo stock(DEO) Tesoro(TSO) and Sunoco(SUN)
diageo is the lowest its been in 2 years and liquor sale is relatively recession-proof if there is such a thing.
sunoco seems like a good buy heading into summer driving season and affordable at that. throw in that oil markets seem to be somewhat more stable than months past.
tesoro seems affordable at the moment as well and heading into the summer with stable oil prices could yeild some returns so long as gas stays cheap. |
MRO + BP + CHK = win |
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| hiram |
| thought of BP too but it usually the least yielding of the big oil companies. |
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| sean5 |
| quote: | Originally posted by hiram
thought of BP too but it usually the least yielding of the big oil companies. |
bp is going to crush if natural gas recovers. i read an article that said they were the us number 1 supplier plus they replenshied their oil reserves 120%. might want to double check, but i believe it has great potential
plus the dividend is around 8% which they siad was secure for this year and i believe they need around $55 oil to sustain the dividend so it looks like they should have no problems. |
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| hiram |
| that was my next question. what was the deal w/ their dividend finally. though im not too worried about wether or not they will make a profit which is a sureshot for the major energy companies. |
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| Shakka |
| Refiners aren't so much a play on oil prices going up or down as much as they are a play on the spread between what the refiner pays for oil and what they charge for the gasoline and heating oil they sell back out. So while summer driving season usually sees gasoline prices spike up, if you see a huge spike in crude they might not be the best trades. Then again, markets are not always rational either.;) |
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| Capitalizt |
| I did some research on natural gas which led me to sell my ETF position. Apparently there is a LOT more of it in the world than anyone expected...like 5X more. And with efficient new ways of getting it out of the ground, it's not going to be rare at all, so I don't expect it to bounce back to the old highs of $8ish any time in the next decade. Low prices will keep profits down, but those companies could make up for it on sheer volume, especially if Obama does something to make it our primary source of fuel instead of oil or coal. |
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| hiram |
| are there ETF's for currency trading? |
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| Krypton |
| X is moving way up on high volume. Trying to figure out what this means and whether it will last. I think it will bounce off the 50 day moving average. I'm moving my stop order to -10% of today's closing price. |
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| Capitalizt |
Consider this rally a gift and get out krypt. Remember what you said yesterday...It's not a keeper...probably a good trade though. Take profits and wait for a pullback to rebuy.
*edit..hope you sold. That sucker hit $25.70 before crashing. Hell of a run from $17/share 2 weeks ago. |
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| Krypton |
| quote: | Originally posted by Capitalizt
Consider this rally a gift and get out krypt. Remember what you said yesterday...It's not a keeper...probably a good trade though. Take profits and wait for a pullback to rebuy.
*edit..hope you sold. That sucker hit $25.70 before crashing. Hell of a run from $17/share 2 weeks ago. |
Sold at my stop of $23. This morning, I saw a 5% rise, and I had the order page up ready to set the stop at $24. I'm biting myself in the ass for not doing it. 15% in one week is still a good profit. |
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| Krypton |
I have published my first stock report; it's on US Steel (X). Check it out...
http://www.finance.com/stock_picks__reports
Also, new calculator. Time Value of Money Calculator 1.0.
http://finance.com/downloads |
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