TSO and VLO - Fast Money calls to buy
March 17, 2008 9:56 PM
Two different guys on Fast Money said buy both TSO and VLO - both refiners. While I agree that they seem so cheap it is hard to ignore….the charts both say they have no yet bottomed….or at least thats what I see.
I like firm numbers to go long or short on a stock…and there is no firm number on VLO…or TSO to look at.
Personally I want to see something that tells me long here. But it is shocking that they are this cheap…I will admit.
If you recall, I mentioned a while back that the talking heads would begin touting the refiners soon….they like to go long those in the spring…BINGO…right on time.
Anyhow, if you buy here and take their advice, you are hoping this is the bottom and they will rally based on PE, etc. I am a strong believer in not making hope trades…but that is how I always see it.
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