Valero

You just shorted one of a very select and rare breed of recession proof stocks. :eek:

 

The charts agree:
<img src=http://ichart.finance.yahoo.com/z?s=VLO&t=6m&q=&l=&z=&p=m50,m200&a=v>


<img src=http://ichart.finance.yahoo.com/z?s=TSO&t=3m&q=&l=&z=&p=m50,m200&a=v> [/B][/QUOTE]

 

Watching the Tivo (the machine, not the stock) Bolling just touted VLO on Thursday.

 

And guess what?

VLO is breaking down below the 10 day MA and has already taken out all of last week's lows except for Monday.

Ka-Ching!

 

VLO to $78.

 

Should I buy this dip?

http://stockcharts.com/h-sc/ui?s=VLO&p=W&yr=2&mn=0&dy=0&id=p82044474399

 

I would, if I wasn't already holding a large position.

 

in at 64.27 on a small position. I hope you're right.

 

I thought you were Landis when I said "you are panicky." Sorry.

VLO will do better now that crude is dropping. The down action is a short term, irrational response to the crude news.

 

What took you so long?
That's 3/4's of a point off the lows of the day!