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Valero Energy Corporation Message Board

  • be_patient_grasshoppers be_patient_grasshoppers Jul 26, 2006 1:44 PM Flag

    ATTN: VLO_Trader guy.

    I don't understand your trading logic except maybe you are using the "rubber band" effect. Ie going long when VLO seems oversold and going short when VLO seems to be extended too far. You may be using options to hedge your "bet" which would be advised. Currently you have a HUGE bet on the short side and I trying to understand your logic since the "trend is your friend" and earnings are going to move VLO upat least in the short term IMO. What is your reasoning for the heavy short position? I mean theoretically,..VLO could go higher and not come back to these levels based on their business model and great news that may very well be on the horizon. What thinks you?

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