Weekly Purchases - 12/16/14

Written by MrStockFox. Posted in Weekly Update

portland

Photograph(above):

To add some variety to the website, I am providing photographs from some of my travels.  I took the following photograph about 1 month ago in Portland, Maine.  (Yes I know this is the same photo as last week)

These positions were all purchased today on the open.

I Bought:

Dividend Income Portfolio

$250 of BHP Billiton (BBL)

$500 of Oneok (OKE)

$250 of Williams Company (WMB)

$50 of General Electric (GE) 

I Sold:

If you wish to view all my completed trades, you can find them located here.

None.... 

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IBM (International Business Machines) - Update on Breakdown

Written by MrStockFox. Posted in Trade Ideas

As I indicated last week, IBM was in a consolidation pattern that in most instances would continue with further downside.  Well on Friday that is exactly what we got.  The MACD has completely recycled and crossed to the downside.  We could be in a setup where we end up with positive divergence.  I do hold 1/4 position and will look at add below 150 and most likely closer to 140 level.  I'll be watching the MACD for an ideas on when I plan to take my position to 1/2.

You can find my original post located here.

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GE (General Electric) - A Quick Look

Written by MrStockFox. Posted in Trade Ideas

GE has been in a sideways consolidation pattern for a little more than 1 year bouncing back and forth between 24 and 27.  Should the general market continue to correct I could see GE retesting the lower support again at 24.  This is where I plan to add to my position.  I added around 10 shares back in October when it tested out this area.  Should GE break the 24 support I will place all purchases on hold until the lower 22 area.

GE has a current yield of 3.5%.  I own around $800 worth of shares and plan to take that position up to $3000-$3500.

Some of my fellow dividend growth bloggers have written some excellant fundamental write-ups on GE.  Feel free to check them out below:

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