blue horseshoe loves VLO

VLO trades 57.50-60 by XMAS?

  • oh yeah

    Votes: 9 28.1%

  • are you crazy with oil lower

    Votes: 4 12.5%

  • certainly doable

    Votes: 7 21.9%

  • no

    Votes: 12 37.5%
  • Total voters
    32
iceman1

iceman1

no reason -- just like today's volume and candle - and being a contrarian -- gotta be long here!

think it gets marked higher over next 45 days !

comments

IcE
:cool:
 
They reported a decent quarter but 5% earnings beat on 20% revenue beat- that's suspicious.

Plus refining margins are heading lower again. Range trading at best.
jmho
 
Quote from iceman1:

VLO

well will it hit 55 or <50 by expiry?
More...

That's a tough one to answer. The stock is both long and intermediate term BEARISH. It is short term BULLISH. The overall market is long and intermediate term bullish, and short term bearish. This would lead me to believe that the stock won't have much upward movement because it is fighting against the current trend of the market. The stock definitely has more downside potential than it has upward potential. The timing of that potential is anyone's guess.
 
Quote from HolyGrail:

That's a tough one to answer. The stock is both long and intermediate term BEARISH. It is short term BULLISH. The overall market is long and intermediate term bullish, and short term bearish. This would lead me to believe that the stock won't have much upward movement because it is fighting against the current trend of the market. The stock definitely has more downside potential than it has upward potential. The timing of that potential is anyone's guess.
More...

y, but maybe there will be some rotation counter to st trend
 
If the Dem's do well in the elections, this name could see short-term pressure. Unless you think we will be going to a 100% electrically powered economy, I can't see how it is not a long term winner. Refineries are scare assets, and they are the biggest.
 
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