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Gold/Mining/Energy : VLO: Valero Energy Corp. -- Ignore unavailable to you. Want to Upgrade?

To: manalagi who wrote (221)	8/9/2007 12:14:49 PM
From: carranza2	Read Replies (1) \| Respond to of 299

I still hold a tiny + nibble VLO position. Enough to barely wet a mouse's whistle. But that is OK. This market is difficult, spooky, full of circling Dementors ready to raid our assets. I also hold a tiny MRO position which is slightly underwater. I'm keeping it, but do not anticipate buying more anytime soon. I will likely return to VLO if it gets down in the 50s, which is unlikely. I cannot emphasize enough how much the present market and its rumblings scare me. The factors are in place for a huge correction. Every tiny thing sets it swinging wildly one way or the other. Today it was the French bank, which in a less volatile market should have meant essentially nothing. But look at how the market reacted, like an elephant in a panic when a mouse crosses his path. Many rumblings, many clouds on the horizon, be careful, be very careful.