Valero

[TM1]

A 60% increase in pps from Jan '07 to July '07 is a pos?

Interesting perspective.

 

[Landis82]

Quote from Daal:

there is almost no downside into playing VLO at these levels. 1.5 book value and thats the gaap book value, their refineries are worth problably more than that, the market drastically understimates the gasoline oil boom for the long-run

Almost no downside eh?
How does a collapse from $52 when you posted the above ( back in early April ), to $30 grab you?

 

[ByLoSellHi]

I just loaded up on more VLO, TSO & FTO.

Long term holds, but I'll take short term profits if that's all I can get on a trade.

 

[Daal]

Quote from Landis82:

Almost no downside eh?
How does a collapse from $52 when you posted the above ( back in early April ), to $30 grab you?

you never know when the stock market will go from selling $1 bills for 80c to selling them for 60c.
as a 1-4 year hold these stocks are as safe as it gets unless this is the greater depression. I just averaged down on VLO and thats something I rarely do

 

[Mvic]

I'm in good company on this trade with Daal and ByLo