VLO -Valero overoveroversold!!!!!
buy 1/2 right now @50.90 and buy the other 1/2 when it dips below $50.
You can also play the Oct 55 calls @1.25 . Buy 1/2 now and buy 1/2 this week when it dips some more.
.comment-link {margin-left:.6em;}
The last few years have been great to me, as i was able to clobber the S&P500 many times in returns. But of course, you can't make a living trading the markets if you don't make great great returns. I'll try to give my readers trades that i think will make them money. However, you need to have money management skills, in order not to lose everything on a greedy or stupid trade. I may or may not already be in the trades i recommend. I may or may not trade the stocks i recommend. Due diligence is required on your part and the usual disclaimer that i am not responsible for your losses always apply. I have no affiliations with any broker/dealer and all posts are for educational purposes only. Remember to 'refresh' the home page and the "Comments" pages frequently in order to receive updated posts. Let's rock!
6 Comments:
The VLO oct 50 calls can be bought instead of the VLO oct 55 calls, for more safety but at a higher cost.
I just doubt it very much VLO will go much lower from here, although i sure don't mind picking up some more shares if it does.
The downdraft of the stock is already stalling.
Are you kiddin me? Don't let the oil bears scare you out of VLO. It is way way oversold too much and too fast.
If you're playing the options, wouldn't you want the stock to be depressed a little more? Wouldn't you? Huh? Huh?
Stand strong and stand still. They can't push you down!
But remember to play small with options. For instance, you got $10,000 in your portfolio, play no more than $500 on your position.
UTSI: unprofitable technology company. Sept and October are really tough months and if you have an unprofitable company you need to be careful. But the technicals does looks good if it takes out 9.25, which is pretty strong resistance above. Then it has to take out $10 as well in order to move to $15.
I don't like the fundamentals but i do like the technicals. 9.25 is key.
beanie, should we continue to buy vlo here? it can't pass the $50 mark, some say it would go to $45, what's your take? thank you so much & please keep up the good work.
Post a Comment
<< Home