Will we ever find bottom? I, unfortunately, bought around $4 as a turn around play. Had intended to d for a quick trade, blinked and was in a loss position. The losses have continued to grow w/ Brexit, rate hikes unlikely and down trend in the financials. I wasn't expecting a Brexit...If I knew the financial sector was heading south, I'd have waited for opportunities in better companies.
Well, "I'm in it now". One thing that concerns me is historically, 1st quarter earnings have been the strongest. The current estimates for 2Q are about the same as Q1...any chance they will meet or beat expectations??
market down, refiners down, wnr downgrade...we're down. A close above 20 is what I'm hoping for. I think the market was down on profit taking & the Clinton uncertainty. We may closedown but probably higher than where we are now. Downgrade is insignificant....
Very much agree....This is a great setup for a huge rise. Stock will soon be high 20's-30 and you still collect the nice divvy!
Refiners are down w/ oil today. High oil means better crack spreads. The general market is pretty much flat so I'm sure there's been some profit taking too...My guess is the selling will subside throughout the day and we close above 20.
We need higher volume to keep this going. I think the volume will begin to pickup tomorrow...then higher SP, then short covering, then massive short covering, then good ER August 2 and we ae above $30.
My order didn't fill so I missed the pop. I did pick some up today just under $16. Expect to still make some $ but definitely missed the excitement.
The rise has already begun but was set back by the Brexit nonsense. Had Brexit not occurred, we'd be 22+. We will resume a nice steady rise barring another shock to the market. I expect we will be in the high 20's before earnings and a good report will force the shorts to cover boosting the SP above 30...
earnings beat and positive guidance will do it...that will happen Aug 2. Stock will be much higher before then and then we will rise even higher post earnings....
I am glad to see WNR stock decoupling from the rest of the refiners. This reflects post-merger re-pricing of the stock. I also think short covering and yield hunters will/have had an impact. WNR is more attractive than the refining industry as a whole and should be bid up more. When the cycle turns for the refiners, it will get bid up along with the industry. The point is that WNR should increase at a faster rate due to company specifics...
I wish 14 shares would give you $532 per quarter...That would be the yield of the century!
14 shares gives you $5.32 -- enough to buy a 6 pack of Milwaukee's Best or about 1/4 share of WNR each quarter (at current prices)....
if the market continues green, we stay green...There will be follow through. We will continue to move higher. $21 is possible.
Please, no gaps! We need a nice steady rise that will accelerate with short covering. IMO, it started yesterday and will continue thru the end of the year...My guess, we will breach 20 today. Not sure if it will close that high but we should be above 20 at some point today (probably morning)
I'm not a chart guy at least not exclusively. Bottom line is the stock has bottomed, brexit appears unlikely, the merger appears to be proceeding as planned, dilution will be minimal and refining market fundamentals are improving (albeit slowly)...we go up from here. If the short interest starts to cover, we go up very fast and very big.....I'd use your screen watching time more productively. Check it in a couple weeks, it'll be much higher....I'm going golfing.
Not a NTI unit holder but could one have bought nti in the low 20's and selected the $26 cash option for a nice low risk return? I thought about this earlier but it seemed too good to be true and I had no $ available...
Today should be a good day for the stock...Most (71%) of the NTI unit holders opted for the "cash" option. That tells me dilution will be minimal. General market and oil are steady and API #'s looked good.
We're in for an up day!!!