I know some readers are into Chevron (CVX)....
I was just thinking that when you have a dip in the shares of a company like this because of an "event" -- it usually turns out to be a good entry point. WE have to think longer term than one quarter or two quarters. Chevron has had the misfortune to have a fire at their refinery (California) and has stated that this will affect a couple quarters... well no kidding! It's like if you had a fire at your rental house! Yeah... you'd be stressed out and you'd lose income while it's being repaired... but that doesn't break the original premise upon which you bought the rental does it. It's a mere hiccup.
This stock has been trading in a range of 116 to 118 -- and all of a sudden today it's on sale for 112... That's like almost 5% off... WHOO HOO!
Again -- I'm not pitching one stock over any other --- I just happened to be poking around (as I always do) and noticed this "story" and thought well --- right here is the kind of an "on sale" event that I've talked about before.... A perfectly good stock that for whatever reason is now at a better price.
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