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Valero Energy Corporation Message Board

  • ah673000 ah673000 Apr 3, 2013 5:21 PM Flag

    OT: Big corrections in refiner stocks

    is like normal right? It happens like all the time...right? What causes these wild swings? Can these things be predicted ? Nope....unless you are a Market Maker.

    Right now there are lots of mad folks ....more on the HFC MB then here. But they are everywhere. These are typically "longs" who just watched their stock go from $59 to $45 in a flash .....

    Selling 52 week highs is the only wa to insure you do not have to get mad. These mad folks liked HFC at $59...but today they didn't like it at $45 ...that is what I do not understand.....sure the WTI /Brent spread came in.......but $14 /share in value hit? They just ain't right .....so you buy it here.

    My Dad use to tell me.....don't get mad AH....get even by using your brain.

    These corrections are way over done....... and soon will reverse.......

    Trusting refiner stocks to just keep going in a straight line up without a correction is defying history....never plays out that way....never.

    Lick your wounds....look the enemy right in the face.....and buy when your stomach is getting ripped apart.

    And then when everyone is high fiving the upswing...SELL...

    AH

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50.16+2.16(+4.50%)Jan 23 4:02 PMEST

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