VLO and TSO revisited…
March 24, 2008 10:20 PM
If you recall, I posted that anyone long either VLO or TSO was guessing, IMO. And I do not believe in guessing - ever. They promptly spiked up on the 18th and 19th. One of my brothers even asked me…buy VLO??? I said…do what you wish…I listen to the charts and do not guess ….and they say do not chase here. I also mentioned how high will VLO go? Where is the low? I had no idea….so, I avoid.
Well, I did know that VLO had to clear $52.41 to be long in that area today…and buying near $52 and being the lone ranger was not a great idea.
I still have no opinion on either of these stocks until the market gives me firm numbers that I can trade off…. it is as simple as that. But I personally wouldn’t be long here.
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