Wednesday, October 20, 2004

10/20/2004 - Notes

Colgate-Palmoliv (CL) - This stock came out with OK news today. They are going to aggressively improve their marketing and did not adjust their earnings forecast downward. Institutions piled in today. I bought some at $45.35. Probably the high for the day. I have a stop in place so the downside is measured. The Company goes ex-div tmrw so the price my fall a bit. The Co also said they would buy back 20 mil shares. That should offer some downside support to the stock.

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