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HollyFrontier Corporation Message Board

  • jman6065 jman6065 Mar 12, 2013 10:55 AM Flag

    Down day HFC

    One of two things are happening. Retail prices are coming down and closing the gap between retail and crude or people don't want to pay capgain on dividend. Or it is a little profit taking, but if you go long it is still a buying opportunity for this stock. It is 4% short interest so it is not that.

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    • I suspect a drop to 53.50 is likely soon,based on a 1-month chart. I.ll bet a few bucks,but not mortgage my house.This soap-opera to be continued!

    • some sellers are betting lt will fall more than the amount of the dividend,and plan to buy it back at a lower price.They take a cap gain instead of div. income. Not a sure bet,but a reasonable one,especially on a stock whose price is jerked around by the big boys; I feel they will drive it down hard for a day or two.
      If you are trading it,GO WITH THE 5DAY SMA ON A 5-DAY CHART.....WHICHEVER DIRECTION IT IS GOING.
      This is the essence of MOMENTUM TRADING.
      You can look at last performance charts and see how reliable this method is.I would appreciate feedback on this method.

    • WTI/Brent has worked its way from $21 to $17 over the week. People think this is the only reason HFC is profitable (it is one of may reasons, but not the only) and the stock will sell it off any time there is a hint that the spread will finally collapse. Buy for the short term if you think the WTI/Brent spread moves back up to $20, or hold out if you think it will continue to fall and you can get in at a lower price. Long term, HFC is still a good buy.

      Sentiment: Buy

 
HFC
48.26+0.11(+0.23%)Jul 31 4:04 PMEDT