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Western Refining, Inc. Message Board

  • jetbpc jetbpc Nov 23, 2011 4:51 PM Flag

    Started a small position today in WNR and TSO.

    Not many shares, just a few hundered of each to start.

    Will start adding more IF WNR can move back up over $12.00.

    IMHO next week, IF the world is still round and intact, the markets could bounce for at least a relief bounce. It could be good for a couple points with each stock.

    It may start Friday as there is no economic news on the agenda (all pushed into today)and it is a short session.

    Then again, europe could be gone by Monday and take the world with them... IF that becomes reality, then it will not matter who has what will it...

    GLTA

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    • I'm surprized to hear that you started buying ALREADY....LOL

      I thought I would cave before you. I know you said your just getting started, point taken, but this could be a dollar lower by Tuesday. You seem to have adjusted you bottom target by a dollar? I still don't like trying to catch a falling knife. On these prolonged drops, with cause, I'd rather wait for that bounce you previously described. Otherwise, I likely would have bought at about $14.50.

      Actually, I'd like to give a tip of the hat to OB (at $10). Then I feel I could make some great money. My take on Call options is that they are still very pricey. I may have to buy the stock again.

      • 1 Reply to northernhick22
      • I think the bottom of the channel MAY be around 10.50, however being within 5 - 10% of the bottom is fine with me as I too cannot hit it dead on.

        I had to run to a meeting that lasted all morning, so I put in a limit order at $11.50 before I left this morning.

        I still think we may get a little seasonal rally here. I'm not looking for much, just a quick trade, maybe through the next week or so...

        Next week will be interesting for sure.

        GLTA & a HT

    • You are not alone.I also bought some WNR to improve my price average.Today we should have reached bottom and made a triple bottom.First one in August and second one in October

      • 1 Reply to garoseme
      • Plus the selling is subsiding and most refiners are forming a rounded bottom. This is a good solid base. It may continue the process bouncing in the range, however when WNR and the refiners decide to break out to the upside, they will move quickly.

        IMHO, I still believe there are plenty of money managers out there looking to buy.

        Should be interesting....

        GLTA

 
WNR
46.53+0.42(+0.91%)Aug 29 4:01 PMEDT

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