The hanger is all cleaned up and the birds are ready. That is good .... just look at the chatter on the MB this weekend. VLO is drawing max attention going into earning tomorrow.Not bad for a company that is going to report a loss of 100s of millions of dollars and will give a miserable forecast for Q4.
The gut o meter is giving a very strong reading this morning. Bottom line is if she comes out of the starting gate strong jump on in the first 15 minutes ..... she'll rip for a good gap and then the prudent move will be to exit before she probably swoons by 4pm. The reading is indicating a couple of strong moves during the day... so be alert.
Also of note, the margins have crept back up to a slightly positive cashflow for most refiners....even though they have had to cut capacity to 80%. Still will be projecting a book loss projection for Q4, but at least the cash burn has slowed.
Only good news in all this is less cash burn. Amazing how VLO is suddenly fixing to shit the golden egg. Wishful dreaming. Only major mover of this stock in the very near future sell a couple refineries. Other than that a major world conflict.
But, this market's been running on dreams for 3 months now so it may run to $30. Eventual Freddie Kruger is gonna show up and tear some ass. Amazing
AH , you've got the right game plan. play the swings but go to bed and sleep well with cash
AH, Checking in, goggles are cleaned, flight suit is ready, plane fueled up, and at the open I am going to push out the short load I left in the air on Friday for a small loss for now. Going to use the flight plan you have laid out. Please radio any changes to the plan and hopefully I will hear the radio traffic today, have a number of things going on today.