« previous next »
Pages: [1]

Topic: PCO down 10%, VLO up  (Read 896 times)

0 Members and 1 Guest are viewing this topic.

Offline Jack Morris

  • Captain
  • *
  • Posts: 9879
  • Gender: Male
PCO down 10%, VLO up
« on: August 30, 2005, 11:46:27 am »
Read and you will know why I posted this.

http://biz.yahoo.com/cbsmb/050830/5a4e3de2315442d593a82b4621b6de06.html?.v=1

http://biz.yahoo.com/rb/050830/energy_premcor_valero.html?.v=1



I'm selling everything and getting in on this, as almost a 20 dollar per share gain is not something to sneeze at. FRO can keep their 2 dollar dividend for now.  ;)
Logged

Offline Jack Morris

  • Captain
  • *
  • Posts: 9879
  • Gender: Male
Re: PCO down 10%, VLO up
« Reply #1 on: August 30, 2005, 12:05:26 pm »
PCO (Premcor) is currently in frozen in trading until they complete their second vote today. Feds decide tommorow on merger.
Logged

Offline Jack Morris

  • Captain
  • *
  • Posts: 9879
  • Gender: Male
Re: PCO down 10%, VLO up
« Reply #2 on: August 30, 2005, 02:33:46 pm »
Hey Bonk? Remember the drop in COCO that was 50% in one day and they stopped trading? I called Mr. Tong who is above the trading floor in Chicago, he called the floor mgr and was told that PCO had to stop trading because of a 10% decline glitch! At least he informed me, which is more than I got by calling VLO and PCO. MAYBE after hours on PCO, but more than likely not. Everyone is awaiting Fed decision tomorrow, which if it is a no-go, the stock will suffer bad. I knew it was too good to be true. But it is still open to a 10 dollar a share or more gain as it is directly tied into VLO if approved. VLO is up over 4 dollars today alone.
Logged
Pages: [1]
« previous next »