Arena finally came alive and popped 8% yesterday. The sales numbers are coming in for Belviq and they are average but it is still very early. Patience is the key here. I believe we are looking at a huge upside and only a limited downside. I am holding until at least December but probably for years beyond. Just wait til the ads hit TV and the web.....
Since COP has divested its refinery operations as PSX, it has now basically become an upstream E&P company and not an integrated oil company. It's share price (and to some xtent its value) is tied more closely to the price of oil and natural gas. This is riskier than before. I have held it as a core holding up to this point but I am now rethinking it. I want my core to contain stocks with safe and growing dividends from companies with huge competitive advantages and large moats. I intend to add an integrated oil major into my core holdings-probably XOM or CVX. I have a put in on XOM at 87.50 in September.
I close with the following excellent statement from SA;
I
personally think DGI is a good method for do it yourself investing.
The approach is logical, relatively simple, and at SA the interested
investor can find sufficient information to do a workmanlike job without
going crazy. Read some DVK, get the CCC list, subscribe to Fastgraphs
and Morningstar, don't put all your eggs in one basket, listen to Chuck
Carnevale about not overpaying, then work, save and invest. It will
greatly improve your odds of having money when you need it.
About Me
- jc
- Interested in saving and investing for financial freedom. Mid to late career IT worker with 20+ years in the state retirement system seeking alternate income through dividend growth investments. Final goal is to pass it down to my children and that they do the same for their children-a continuing generational wealth transfer.
