VannaBlack
Nov 10, 5:42 PM
$VLO $SPY Even though its high volatility it has a low beta meaning its an excellent hedge against the S&P for certain time periods. Until I see a deal in writing, signed by both countries and we stop getting terrorist warnings then I'll re-examine but its still a money printer with oil prices where they currently sit. The fundamentals are rock solid but its totally cyclical. Bought earlier on Jim Cramer telling me to sell. So basically I'm a bit above break even and its most recent high is
$461. Thats about where I dip my toe in. Maybe its a cyclical sinking ship but the national oil reserve needs refilled etc...Not yet but I also own
$CWEN and
$GEV so l have no plans to hold this until it gets a nice spike back to a proper valuation or I'm early.
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