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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (24852)9/21/2006 12:48:47 AM
From: Spekulatius  Read Replies (2) of 79139
 
Sold my VLO - since my initial assumption that the crack spread for VLO is healthy is not correct, i decided to sell at a loss.
Per Grommit's link, crack spread is now below 4$, which is not better than break even for VLO. Last time the crack spread was that low for an extended period in 2004 the stock was around 10$.

Everyone else is buying so I assume i sold at the bottom probably.
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