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VLO And Our “No Opinion” Revisited

May 11, 2008 9:02 PM

I had a lot of questions about VLO when it went to new lows in March because of the low PE and “value” nonsense. It went up off the lows and I said “no opinion”. Well, it just cleared the March low. I said “no opinion” as it never gave a strong reversal buy off the low, IMO. I look at things a certain way. If I do not see what I like, I have no opinion on it, and people are simply gambling and “trend trading” at that point. VLO was a short under $55.00, but I had not looked at it in a while. Sorry about that, but we had not made any call on VLO and we cannot watch every single stock. It is the same as GE. I have no opinion on it, other than careful, as it never gave a buy signal off the gap low. It can go to $100, I do not care. Let others guess. 

Written by Tom@StockBlade.com · Filed Under VLO 

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