Conoco
July 18, 2007
I decided to come back in from the side lines yesterday and picked up ConocoPhillips at $86 per share. After watching COP shoot up in the last couple of day’s rally I put in a limit buy order at about $1.50/share below the market price. COP is now trading at around $86.85 per share.
We’ll see how it goes. As usual after a week or more of strong rally the market is dipping a little. Typical.
Cramer says buy Conoco Phillips
July 11, 2007
$80.00 to $100.00 stocks are the ones heading to Par ($100) that tend to go to $120.00.
One such name is ConocoPhillips (NYSE:COP). This is on the might of the mutli-billion dollar buyback that is a “buy-high and sell-higher” trade. It has gone through $80.00 and could go through $100.00. The real story is the oil industry and it being great. It is only at 9.7 times forward earnings and Cramer thinks it is undervalued after it announced it will buyback 10% of its stock.
I’m keeping an eye on this one and adding it to my tracking stock list. I’m already tracking Catepillar Inc. also recommended by Kramer as a buy.
