Probably not gonna buy for that, cuase think temp falling more, but may change mind
AH, thanks, I like 38s to. It s seems to be pointed in that direction...maybe
VLO, is now about 1/2 way back of the current move on 5/10 from low of 37.55 to 42.70 on 5/20. Seems like a 50% kinda Fib retrace ment of the current gain if you use that kinda stuff. Like right in the middle of it. To me it seems to be going more to the downside but then again just like this market you can never keep it down for long. I think 39 prices at least coming again soon. Would you buy at $39?
AH, not following the acorn philosophy but I highly endorse it. Using more the LR philosophy which gets me in trouble at times and gets me good results sometimes. I am leaning more to the downside. I hope it gets to 44, would that be like 44+3 before spin? I can't though invest to much in hope. I get in trouble that way. Thanks for sharing you thoughts! Hope it goes well. I cashed out at 41.7 and I'm sitting back for now. Looking for better acorns.
AH, so where would you consider buying back in 40? Do you think June is going to be a rough downer month for most part post memorial day? I just keep thinking this market is due for some slow down or corrections. Markets just do not go straight up. Maybe it's not that much of a correction but some pullbacks have to be expected.
I really like the new 2014 Jeep Grand Cheerokee and the much better gas milage.
It's funny I figured out gas just popped up about 4.5% in one day in North Texas (15 Cents) and that most of the refiner stocks popped up about 4% as well.
North Texas area. Had to do a lot of driving yesterday and noticed all over it was up about 15 cents.
AH, thanks. Just those crasy west coast western US refiners.
TSO does seem to be acting the best amoung the refiner group. What's their story on why doing so well?
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?
AH, thanks for thoughts...so what do they mean exactly by operational issues and can they even do 370,000 barrels a day? Do you have to hold the stock after May 30th to get the special dividend?
"downtime to the Fluid Catalytic Cracking Units (FCCU) at its subsidiaries’ Cheyenne and El Dorado refineries due to Operational issues. Both outages are expected to last approximately 10 days. Based on the revised operational plan, second quarter crude throughput is expected to be approximately 370,000 barrels per day."
Me too, saw that band hopefulluy helps some. They must have a lot of confidence in getting things going.
Hey AH, I have a few loads of HFC myself. How much do you think is a missile? a few bucks south?
Also is this just spin about " Based on the revised operational plan, second quarter crude throughput is expected to be approximately 370,000 barrels per day." Does this help out much or just kinda BS here?
The stronger US dollar. Everybody else is easing to, lots of Fed Reserve reps will speak this week, some disagreeing with continued easing. Some profit taking for sure. The effects of sequester are going to be felt in 2nd and 3rd quarter for sure on economy. First quarter they were delayed. When if that Every Tuesday up thing stops I am a little concerned some mojo is leaving the market. LR
AH, I belive the refiner group can just be sitting here another few weeks of not doing much and drifing down a little and then later May early June take off again. Maybe hit those April lows again and turn around. I like VLO and HFC. Right now I am more in HFC than would like but will stick with it. Good luck on your acorns.
I thought it was funny for awhile gold was down $45 for the day Friday for awile and didn't see any news about it at all. Seems the commodities are really taken a bruising, but you know they will be back to.
AH, so is your trio Vlo, Xom and Pbf? Would you stay away from HFC? I thought HFC was in a good spot?
What's up for today. Some new report out? Just a value adjustment after mid April low and come back.
Question thinking of taking a summer position starting soon in VLO and or HFC and doing a covered call strategy with it. Anybody ever do this? What are the pluses and minuses. Might miss some gains, but lock in some profits to and limit downside on the covered call selling idea.
AH, what is your VLO target idea for this summer? Do you plan on holding acorns into the mid summer?
Not the 9 day maountain pattern for sure.
OK, AH, received them. Whew!, very cool.