PS, you said you were buying COP at $60 for a long term investment.. it’s only been a few months, I would wait a few years before evaluating.. unless you’re considering getting out. Zeal wrote an excellent speculator newsletter just the other day reaffirming their opinion on oil prices.
This stock went to $70.75 a very nice gain. There is absolutely no way that any professional stock trader would still be in that trade.
Chris, excuse me.. but Buffet is holding this stock, and he increased his position between $58 and $64 and he is still holding.. I consider him a professional trader, do you? If you said it was a good buy at $50.. why didn’t you stop by and tell everyone to sell above $70? You should know better than posting in hindsight… If you said buy at $50 sell around $70, then fine.. but it’s in the past now – pretty easy to be right in commentary, but taking credit for it is kinda far out…
Warren Buffet bought in to COP between 58 and 64.. do you think he is evaluating the invesment yet? I doubt it.. I don’t even know how anyone could be evaluating an investment on COP this soon into it.. if you’re doing that, then it’s not a true ‘long’ investment by most definitions.
