Thursday
Jul272006
Trades IAC/Interactive Corp (IACI), DELL, Conoco Phillips (COP)
July 27, 2006 at 12:21 PM
I continue to look at companies that are in the doldrums now that will come alive in November as the holiday buying and advertising season approaches.
Trades for Thursday July 27th
Bought IACI $24.00 for a friend's account*.
IAC/Interactive Corp is being ignored right now and they own Home Shopping Network and numerous internet properties. At a price earnings ratio of under 15 - this stock is on sale.
Bought DELL $20.48
Dell is cheap right now but the chart and the market doesn't seem to be acting like the selling is over. I established a very small position. Something I like to call a place marker. I do this when I stock has reached a price I like but think it might go lower. I go over my portfolio at least once a week position by position to look for positions to either remove or add to. By setting up a small position, I've bought a stock cheap and will now analyze it at least once a week.
Bought COP $68.56. While this has nothing to do with holiday shopping, seeing Conoco's Earnings and Exxon's earnings (XOM) reminded me that oil companies are making a fortune with oil above $50 (oh it's $74!!!) Conoco Phillips has a much larger portion of it's assets as oil and gas in the ground than other companies. At a p/e of under 7 it seems like such a cheap way to own the hydrocarbons directly. I would rather own Conoco than a oil royalty trust.
*I do not manage any client money but I do help a few friends manage their accounts where they have given me trading access.
I own Conoco Phillips (COP), IAC/Interactive (IACI), Dell Corp (DELL)
I am short DELL Jan 22.5 Puts
I do not own Exxon (XOM)
Disclaimer:
Trades for Thursday July 27th
Bought IACI $24.00 for a friend's account*.
IAC/Interactive Corp is being ignored right now and they own Home Shopping Network and numerous internet properties. At a price earnings ratio of under 15 - this stock is on sale.
Bought DELL $20.48
Dell is cheap right now but the chart and the market doesn't seem to be acting like the selling is over. I established a very small position. Something I like to call a place marker. I do this when I stock has reached a price I like but think it might go lower. I go over my portfolio at least once a week position by position to look for positions to either remove or add to. By setting up a small position, I've bought a stock cheap and will now analyze it at least once a week.
Bought COP $68.56. While this has nothing to do with holiday shopping, seeing Conoco's Earnings and Exxon's earnings (XOM) reminded me that oil companies are making a fortune with oil above $50 (oh it's $74!!!) Conoco Phillips has a much larger portion of it's assets as oil and gas in the ground than other companies. At a p/e of under 7 it seems like such a cheap way to own the hydrocarbons directly. I would rather own Conoco than a oil royalty trust.
*I do not manage any client money but I do help a few friends manage their accounts where they have given me trading access.
I own Conoco Phillips (COP), IAC/Interactive (IACI), Dell Corp (DELL)
I am short DELL Jan 22.5 Puts
I do not own Exxon (XOM)
Disclaimer:
Nothing in this blog is meant to be specific financial advice or a recommendation to buy or sell. I do not give investment advice. Do your own research. Do not rely on anything in this weblog to make investment decisions. I do not log all my trades here. I only describe or mention those that I think might be interesting. Consult an investment professional familiar with your specific financial situation before buying or selling any security.
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