playing it safe yields little profit, making money involves risk. You cannot escape it, that said, I am in for 300 at 79.92!! Will go in for more TSO and VLO after VLO reports. Also got VLO shares under $59!!
Oil is on up on HYPE. Oil will revisit $30, if not a little lower. The over supply problem is still in full force, IRAN is ramping up, Russia is pumping like crazy and S.A., they HAVE to pump like crazy or their country will implode...yeah, you keep thinking those twisted thoughts and short the refiners...how low can your trade acct go?????
Sorry Beta, I did some calculations and I came up with an intrinsic value on VLO at about $82. I used Ben Graham's formula. So, the market is wrong. That is why I do not mind buying VLO at this very low price. How many people in the market spend 1-3 hours properly valuating a company??
Beta, sorry for the miscommunication. I didnt mean to say that there was no market for VLO, I did mean to say that the market NEVER values or prices the worth of a company. It cant. The market simple is a vehicle that dictates what people think a company is worth at any given moment. Thats it. It is irrelevant to the intrinsic value of the company. Proof? You have heard it said, "the market looks 12 months out". HOW could ANYONE know what ANYTHING is 'worth' 12 months out?? Its impossible. You could say VLO is worth $60 and I could say VLO is worth $80...who is right?? Who is wrong?? Can we both be right or wrong?? Fact is, the market gets it right over the very long term ( 15 years??) and in the short term (
OK, the market does NOT price or valuate a company/stock! All the market does is tell us at any given time what they are willing to pay for a share of the company. What values a company is its fundamentals. People are trapse through the market in herd fashion. So when a bank comes out and says something negative, then, people react because they have a herd metality. VLO is down today because the entire sector is down 2-4%. I am NOT a herd follower...i was one once, not anymore. I bought a nice position a few minutes ago and will ride it back to $63ish yet again next week or so. I trade VLO rather vigorously. Trade it but keep a core for the longer, bigger run. GL
So they say VLO should be devalued because of an upcoming recession? That is too absurd to even consider....for that matter, ALL US corporations should be devalued because ALL companies will be affected if we do go into a recession. Meanwhile, TSO gets a pass and will be immune?? Crazy times. BOUGHT more under $60 this morning.
You are not only clueless to the business, but know nothing about BHI.
Guess that explains the sharp spike down in price. My limit order tripped so I am in for 250 @61.17. I did not think I would get it this low again.
YOUR statement is a CLEAR indication that you are AGAINST a Free Market Capital System. So, YOU are a SOCIALIST, Got that?? IF you want to enlighten yourself to some realities, go read Adam Smith's "Wealth of Nations".
The Donald Trump is nothing but HOT air. A big, arrogant gas bag. He would be a DISASTER for this country, not much better than Hillary...If Ted Cruz doesnt get the nomination, we are in for a world of hurt. GL
You would have done a lot better if you DID hold it overnight. Stock shouldnt be under $45, but it is. $45+ next week!! I will sell 2/3 at $46, and retain the rest for 10-15 yrs.
Walmart talked about the milk producing plant during the last earnings call. Go check out the transcript...this is old news and DF will go right back up. Bought some LT and for a trade. GLA
Walmart building a milk-processing plant doesnt happen every quarter, that is what is driving this current high volume selloff. But, it is old news, and, Walmart will only supply 600 stores out of their 7800 stores in the US. This is a non issue. DF is a very solid company. STRONG BUY.
there are so many foods that are being contaminated that it would make your colon turn into knots if you knew all of them. The latest is pistachios.....why dont you just stop eating, that way, you can be assured you wont be contaminated. While you are at it, stop breathing, the pollution in the air will get you....I think this board would be very surprised if they knew what you were stuffing down your gullet...
SO the kids are the parents in your house...your permissiveness will turn your kids into spoiled little selfish egomanics.