They will drop the stock by that much or more
Yesterday NYSE was selling their shares
There is a lot of fluff and gaps here
As a professional trader I say sell today
To many diamond patterns which are rare are in COP
Hence the diamond pattern
This is their biggest quarter
When they blow this they blow the year
Stock top price is $44
I would not touch this unless it's $36
You should ramble on and sell
You are about to get burnt
Revenue and free cash flow means everything
These guys report earnings before expenses are taken out
They report earnings from "continued operations".
Minor detail here. When VLO reports earning they report before taxes and before expenses. The big it and the key word is from "continued operations" thats how they report their earnings. Amazing how a few simple words protect the writer
From the DOW to VLO the pattern is present. It is a rare site to see...............we are about to get crushed right across the board
The pattern occurs when there is a diverging set of higher highs and lower lows. Essentially, a time where volatility increases but the peaks and valleys start to get lower.
VLO is covered in it
Fan..............$66 never happened........................the game is over. Its been over for a whi. TheECBevo a waiver ta has allowed the Europeans to use Greek debt as Collateral. The Federal Reserve is about to do the same thing. Ever play musical chairs fan. When the music stops you better have a seat. Its about to happen to Valero
You already had your move in Valero
The market is skunked
Now ask why has everyone been buying and the stock goes down?
The NTSE is unloading all their shares of everything
All the exchanges are doing it
We have entered a period of a market crash and the start of a major down cycle.
9 million people found jobs in the oil patch...those jobs are going away and they can not even sell their homes. Average price of a home in the oil patch is too much. If the home was built within 2 miles of a oil well....there is no finacing available for these homes. Freddie Mac and Fannie said due to fracking and ground water contamination we can not finace or lend money to these home owners.....all these homes are stuck.
Lets forget about that. I watch all of you buy buy buy buy and the stock does not move until the last 30 minutes of the day and then they sell in after hours and at the open.
The balance sheets are scrubbed. The assets are over priced and they tried to bury the debt in the valuation of these assets. VLO is no different. They have not come up with a way to meet EPA standards...............the cost is 3 billion. VLO will never hit $66. I saw one comment where they were going to sell some shares at $66.......roflmao. That was 2/2/2015..it is now 2/5/2015 and the stock has not moved.
You like the way the market gave back the 100 point gain today? The EU has decided to crack down on Greece...and Greece really does not owe the money. here is what happened. The EU bought Greeces debt on the own initive...this drove down short term and long term rates..........now the EU wants Greece to buy back the debt.........but wait a minute Greece never told anyone to buy their debt.......The EU is stuck with it. The Federal Reserve did the same thing when they bought corporate debt. No one asked the fED to buy this debt..............I could #$%$ but you are wasting your time buying VLo right now you havea better chance of it going to $14 then you have it going to $66
I would not even think about selling my shares here...this stock goes higher then yeerdays close today
Institutions are buying big
Thank you for the 3000 shares at $65.71
This is not somcom this is connoco Phillips making $5.50 per share
COP rose a couple percent
Oil at $52.60
Watch the big institutions jump on this
Oil will be at $60 by weeks end
That is the price OPEC wants
This is a incredible franchise
PSX did this a few weeks ago it was at $59 it is now at $74
Stocks move to future earnings
The market will price this at $60 crude
I am buying more
Filing in Japan first quarter 2015