Monday, January 30, 2006
Multiple Compression
Cancelled my limit order to sell some VLO at $62, because that order would be filled within ten minutes, at this rate. Someone scooped up a few of my WPCS shares at $12.62 within three minutes of the bell. The only other order with a chance today is a sell limit for some of my SNWL shares at $8.48. Just trying to take a little off the top. VLO may finish above sixty-three today. Been my favorite stock for some time. Even my dad asks me how they are doing. I just don't understand how the market values this company so low; the earnings per share is higher than the p/e.
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