VLO: Valero Energy Corp. Message Board

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Gold/Mining/Energy : VLO: Valero Energy Corp.

VLO 177.51

-1.9%

Nov 12 3:59 PM EST

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To: carranza2 who wrote (169)	5/11/2007 12:14:59 PM
From: manalagi	Read Replies (2) of 299

I used the spike in Valero to close my short put positions. Don't want to wait until January expiration. No need to get greedy. Just like you, I am waiting for a pull back to get back. Learnt a valuable lesson last night: My wife was channel surfing and saw the final portion of: "Are you smarter than a 5th grader?" The guy reached $ 500,000. He can stop there and take the half million or go for the cool million if he can answer the last question. If the answer is wrong his prize dropped to $ 25,000. My wife and I yelled in unison: take the money and run! The contestant thought hard, swallowed his saliva again and again. Of course the fifth graders were pumping their fists: go go go go. He finally decided to go for the million. The entire audience cheered and cheered, the fifth graders went wild. My wife and I said: greedy! You should have stopped! The final question was shown on the screen: "What was the name of the first American satellite in orbit?" You could see he became nervous, he shook his head uttered: "Sputnik was the Russian Satellite. My gut says "Mercury" but it could be "Genesis". I'll go with my gut "Mercury"". There was silence, and the host added the suspense (of course!): "You are right that Mercury was the first manned satellite. "Explorer" was the first American satellite". He blew a cool $ 475,000. Honestly, I did not the answer either. Only now I remember. Carra: could you have answered that? Last night episode taught me: a. greed can bankrupt you b. never think that you are always smarter because of having high education. Those fifth grader knew the answer. They probably just learnt the week before.

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