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Four Parts To Phillips:
We purchased the stock at this time because oil is priced at a historic low. The increased tensions that exist around the distribution of oil and gas products (such as, Iraq, Libya, Russia, and "The War On Terrorists") also make it interesting… not to mention, the merger mania could help a company like Phillips.
|Buy||100 Shares @ 44 13/16||P||Phillips Petroleum Co.||$4,181.25|
|Net proceeds from the sale.||$2,410.05|
|Less acquisition costs = net profit before taxes (Capital Gains)||$311.95|
May 4, 1999
SOLD 40 @ 51 5/8 (less commission)
|Net proceeds from the sale.||$2,050.00|
|Less acquisition costs = net profit before taxes (Capital Gains)||$371.52|
WE STILL OWN 10 SHARES OF THIS STOCK.
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