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Chasing Value: Williams has the pipes and it's not blowing smoke

As I have been sharing with our readers over the years, I do not suggest anything I would not do myself. Today I am calling your attention to the Williams Companies, Inc. (NYSE: WMB) which I bought today at $13.00.

I had already taken advantage of a negative market view on the stock by selling "naked puts" at a November $12.50 strike price receiving $2.25 per share. I have been touting this as a way to make some money if you truly are interested in owning the stock already. On the puts my break even position is $10.25, the same as the recent market bottom.

Continue reading Chasing Value: Williams has the pipes and it's not blowing smoke

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DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 27, 2009: 08:27 AM

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