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Western Refining, Inc. Message Board

  • mandyob28 mandyob28 Feb 26, 2013 9:13 PM Flag

    Got a Bad Feeling

    Market is high because there is no better place to put your money. It looks like the market expects the sequester cuts to be resolved. But, Obama meeting with workers in a Newport News shipyard today pointing the finger at Republicans tells me there will be no last minute resolution of the sequester cuts. The timing is terrible for WNR. A little miss against high expectations and a downturn in the market sends this thing reeling downward. I like the company and I like the fundamentals. I'm getting the same feeling as August 2011 when WNR missed at the same time the market caved in due to our inept Congress driving a drop from 21.75 to 13 in ~4 trading days...I'm a little puzzled by the low amount of selling by insiders. Took half off the table and went to the window.

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19.79+1.46(+7.97%)Jun 28 4:00 PMEDT