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- Jul 31, 2010
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- clown world
I backed up the truck on MO when it hit $40. So much bad news is already priced in I would hold and just collect that nice divi.
DOW is one of my all time holdings but I sold my position just before the DuPont merger. I wish I would have bought into it a couple months back but didn’t have the funds. I don’t know what your entry point is but it’s had a pretty nice run up. I’d consider taking profits on it and buying back into it down the road.
XOM hasn’t made the moves I’ve been expecting either but I probably wouldn’t sell it unless it climbed back up near the mid 70’s.
good move on the MO. i'm in, but didnt back up the truck. it is the ultimate dividend + contrarian stock.
i think that you are right about DOW. chemical biz is so boom/bust, probably get another chance to buy it. remember monsanto doing a deal similar to what dow did. it broke up into 3 parts - drug, farm, chemical. they loaded up the chem business with debt and it ended up bk. solutia was the name of it.
that haunts me about the dow break up. the new dow is the chem portion and has a good chunk of debt too
another contrarian pick that i've been nibbling at is bayer/monsanto. the roundup drama has it hammered