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Valero Energy Corporation Message Board

  • idpatton01 idpatton01 Sep 11, 2013 4:04 PM Flag

    Smart move AH

    The market is going to get slimed and slammed very shortly. Look at the 10 year T bill. Verizon financed there deal at close to 6 percent today. Home Depot interest rate on their buy went thru the roof. Their prices are now 50 higher on doors an appliances. Another bankruptcy in the making.

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    • Not so smart yet.... Market up 1% since I got out.....

      I do think this will pop and end badly.... But you can't ignore the momentum ....

      AH

      • 1 Reply to ah673000
      • Market smells right now. The majority are trapped in their positions. Forget what DOW does. Break it down further. Look at fundamentals. Everyone of the DOW stocks have empty buildings across the country. The stocks are just trading on momentum like FB. Incredible market cap. If I was shorting FB now I would be forced to buy a few call options to cover the potential losses set for 9/13/13. Break even is better then a loss. Dad but true but the pit says FB goes to $50 very shortly. Not sure if it is due to the run up or the new highs but as a trader I would respect it right about here

 
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