December 5, 2008
Valero Energy Might Represent Buying Opportunity
Judith Levy submits: Excerpt from our Wall Street Breakfast, a one-page summary of this morning's key market-moving and stock-moving stories: AHEAD OF THE TAPE: The Case for Valero [Wall Street Journal ] Summary: Valero Energy, which reports Q3 earnings later today, is trading 23% below its price at the start of August.
A stunned investor looks at an electronic display board at the stock trading floor of a securities firm in downtown Seoul Thursday. Stocks nosedived over fears that the global financial crisis will take a heavy toll on the real economy.
My Dumbest Investment: Didn't know the rules. I am a new investor. Not understanding the rules hurt when I found Delta Airlines stock trading at 18 cents a share. I thought, "Wow, an easy chance at some dough." It was scheduled to come out of bankruptcy soon, and I figured that as soon as it came out, its stock would surge.
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