Today we can acorn off yesterday's VLO swoon buy .
But more important I have decided to send 1/2 my FN and 1/2 my TQNT packing.
Breaking a rule on TQNT- will sell at a 25% loss per share.
Why? Because the refiners are discounted an equal amount right here .... And I want to grab some Hfc if it further drops today. Expect a head fake like yesterday and the a buy in the PM.
finally got rid of good sized load at 40.89. $2 acorn for the weekend. Anyone else holding through the weekend? I still have 2 loads. Also, CLSN doing well today, currently $1.05 on heavy volume. that may end up being the sleeper of the month. F also doing very well this week. Hey AH, you said you were looking ofr a new truck. Check out the F150s. really good milage, very sleek.
I am still holding VLO even though I am finally back in the green. I am just barely in the green. I am dragging the bottom on HFC, it will be a while before I get out of it. That was a poor buy on my part.
This a beautiful rally.... I have decided to hold all my refining stocks over the weekend .... Including yesterday's buy.... This pop looks real to me .....
John.... Next rig for me is a 2014 Jeep Grand Cherokee .... Been waiting for the 8 speed transmission and road mileage of 25 mpg.... It's here and I will be in one this summer. My 02 Jeep GC has been bullet proof reliable for 160,000 and will be put to pasture on the Oregon compound .
Sold my F .... 1/2 my FN ..... 1/2 my tqnt .... Looking to buy Hfc next week hopefully .
Hey AH, I am thinking HFC approaches their 200 DMA over next few weeks or sooner at 45.. Don't like it but good buy in price. Did not like yesterdays close.
VLO seems to be in the best postion for the refiners right now. I don't know what happened but gas in Dallas jumped like 15 cents overnight from 3.33 to 3.5 in most places. is that memorial day gas prices coming up or what?
Gasoline stocks (supplies) in the midwest are very low for this time of year and several refiners are down for maintenance in the midwest so there is some panic buying causing gas prices to shoot up. As far as Texas goes, not sure what part of Texas you are referring to, but if it is in North Texas, it is mostly likely because of this or a splil over affect from this.
Gasoline stocks on the East Coast are up to the brim so some gas prices in the Midwest are uncharacteristiclly higher than the Northeast.
Gulf Coast area has ample gasoline stocks.
California gasoline stocks are low also.
Just depends what part of the country you are in.
TSO is in the best position right now. It is the leader of the refiners and with the news yesterday, it should pop over $60 soon... It has blown the doors off VLO, HFC, WNR and nearly every other refiner, just look at a 6 month chart or a 3 month chart it makes no difference... TSO developed a reverse H&S pattern and if it closes over $60, look for a breakout to $70...