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Strategies & Market Trends : Value Investing

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To: Grantcw who wrote (40722)12/20/2010 2:55:48 PM
From: E_K_S  Read Replies (1) of 78673
 
Re: CNX

They have assets in the ground and according to the Barron's article I posted, the author thinks $65.00/share is fair value.

I may consider some covered calls but I would like to see a run in the stock first to the $48.00/share-$50.00/share area. The call premiums are quite nice but go out at least six months. I am tracking the July $60's and would like to get $1.50-$2.50 per contract.

What's your target on Corning Inc. (GLW)? I own a lot of this that I bought in 2002 in the $5.25/share price area. I have been peeling off shares above $25.00/share and think we could see another run towards $30.00/share by the first half of 2011. The company has a lot of products (other than their LCD glass) in their pipeline.

FWIW - Closed out RAIT Financial Trust (RAS) to book loss, harvested losses on my higher priced Petroleo Brasileiro (PBR) shares and increased my position on Samson Oil & Gas Limited (SSN) by 100% (still building my position).

EKS
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