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Monday
Jun122006

Trades: Cannot Pull the Trigger on Tech Yet. Though I'm Shopping for Big Caps.

I'm holding off buying on that Value Tech List from last week for now.  The US equities might fall more as the equity market continues to digest the prospect for higher interest rates and a slowing world economy.  But for now I'm looking to add to some of my positions in the cheap large caps that I already own.

Already near or at Maximum Position:
MSFT Microsoft
BRK/A - Berkshire Hathaway
MRK - Merck(need slightly higher prices to sell)
PFE - Pfizer
CVX - Chevron
WMT Wal-Mart (this is a buy/write against 45 calls)
KO - Coca Cola
OXY - Occidental Petroleum
CAG - Conagra Foods
MMM - 3M
C - Citigroup

Own them with room left to buy but I'm waiting for lower prices:
PG - Procter and Gamble
COP - Conoco Phillips Petroleum
DEO - Diageo
JNJ - Johnson & Johnson
DIA - Dow Jones Industrial Average Exchange Trade Fund

Interesting Piece in Blogginstocks on buybacks in Yahoo, WalMart and Microsoft among others. I commented on it as well.

Disclosure: Nothing in this blog is meant to be 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 - only those that I think might be interesting. Consult your own investment professional before buying or selling any security.

I own a position in all the above securities.

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