Friday, October 26, 2007
Fly Sells: WMT, HD
Jack: "Yeah, I want you to hold it between your knees".
Who is cooler than Jack?
Refiners from summer highs to recent lows:
TSO: -37% $63 to %46 today not used
FTO: -37% $48 to $35
DK: -25% $30 to $24
VLO: -24% $78 to $63
WNR: -86% $65 to $36
WNR has a better chance to maximize your gains once you buy it back for the spring move. Wait for an uptrend and the crack spread to improve.
This monkey says that you've miscalculated the declines. It should be expressed as a percent of the high price, not the low. The list is still useful and appreciated.
It is the most beat up refinery stock, for no reason.
There's always a reason, even if it is one you think is B.S. So, what is the reason?
I tossed my chicken bones and dice around this morning a bit. I deciphered the code and found that we are going higher from here to the close today (Market at 13,732). We are faced with significant overhead resistance on several of my mindless, lazy fuck charts, which is creating the fight we see this morning. However, with a drop of crude below $91 today (it will happen), we are going to pop above the days high and leave the monkey boys scratching their balls. My chicken bones and dice told me so.
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