I am a trader and almost never hold anything that long. I added some more yesterday when we sank to near 7.00 and took my profits when we broke back to 7.46. Not a great trade, but better than a loss.
jjr... Is this an overall fuel average that includes diesel? Does OPIS report gasoline separate from diesel? The data for diesel would be most appropriate for TA, as it represents about 90% of TA fuel sales.
Maybe I was not so "incorrect". I didn't predict it would go down this fast below $7.10/sh. This stock is starting to get a bit more interesting to me.
September saw the best margins on fuel in a long time. Stock is over-reacting to downside on no news. The biggest problem with this company is their horrible investor relations. They do nothing to help.
Sentiment: Strong Buy
Dogtickpara11 told you all that the big money rats would put out a negative artical;so the could get in TA .......BUYING NOW!!!!!
I should have noted that I only bought 2500 shares so far and I will slowly build a position if TA continues to come in.
End-of-year tax selling is coming. October-December. Since TA is down from the $10-$12/sh, there will be significant tax selling. I hope it can stay over $6.50/sh. Maybe it can start to come back in January.
For the fourth straight week, retail fuel margins across the US have increased week over week according to the latest OPIS report. OPIS reports an increase of $0.113 cents per gallon since August 30.
Retail fuel margins across the US are now at $0.282 per gallon, up $0.042 per gallon from last week. Retail fuel margins are now at their highest levels since July 5, and the second highest levels for all of 2013.
The year to date average now stands at $0.186 per gallon, the highest of the year. The average retail fuel margins for calendar year Q3 finished at $0.207, up slightly from the margins of Q2 which were $0.191 per gallon, but down slightly from the Q1 margins which were $0.212 per gallon. The six week average stands at $0.210 per gallon, the highest since July 12.
From a fuel management perspective, fuel retailers across the US had a strong Q2 according to these OPIS reports. In calendar year 2012, the US retail fuel margins for Q4 averaged $0.230 per gallon. Hopefully history will repeat itself and fuel retailers will finish up 2013 with strong fuel profits.
Sentiment: Strong Buy
MACD negative crossing but moderately oversold/ -.20
Full stochastics RSI moderately oversold
Touching 120 day exponential moving average
Above 200 day MA, 300 D MA
Parabolic SAR - recent downtrend remains bearish
Ichimoku Clouds - bearish clouds corresponds to overhead resistance
Recent 2 higher highs, 2 higher lows - bullish
Narrowing volume, narrowing range.
Biollinger bands - reflect narrowing channel, unresolved to slightly bearish
Overall: Short term buliish, near term unresolved within the 6-7 support resistance levels. My gut feeling is queasy because current company performance is facing stiff headwinds that could provide a downside catalyst. Long term S looks much better suited with SB to become more competitive, however, the time frame remains a deep concern for the stock price until events catch up with the vision.
Dogtickpara11 has made 100% on my investment in TA..All house money for the long,long haul.I still think high teens to twenty dollars for TA longterm