After enduring heinous early morning losses, they abated—leading to a draw down of just 0.3%. Although WNR did not reverse to the upside like other refiners, the action was still impressive. Never forget: hot money stocks get real cold quick. You need to stomach and endure the pain, in order to enjoy the fiery nirvana later.
Nevertheless, I injected a little viagra into my WNR position, late in the day. I sold out of X for a 14% loss and most of my OXY for a 5% gain. With some of the proceeds, I added to SHLD and of course WNR. As we speak, SHLD is my second largest position.
Just to reiterate my position: WNR is unique in the refining space due to the location of their El Paso refinery, which gets crude from the Eagle ford shale and Cushings. While other refiners pay top dollar for gulf crude, WNR gets a sweet discount because there are no pipelines coming out of Eagleford yet. Hence, that crude trades at a discount.
Using The PPT search function, the following companies have the phrase “Eagle ford” in their company description.
CHK, COG, CRZO, EOG, ETP, LEI
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did anyone listen to the VLO conf call? What did they say about the sustainability of the crack spread?
Still no interest in silver, the biggest bull market we’ve got…
So why didn’t it grab WNR?
Those are producers.
What has that fancy PPT thingy said about the 2011 run in silver and gold? Is anyone banking coin in the PMs or are we all like, oh, we only buy WNR?
BANNED
Again?
great song. naughty by nature is a good group that hip hop forgot. if you don’t understand the WNR….
O.P.P.
I wanted to keep it, but once it hit -10%, risk management kicked in…. I wish you guys luck, may WNR melt up like crazy, but I won’t be on board 8(
HOGS ready to prove pigs can fly, FOE held like Stonewall J then moved up agaim, very dependable as is POL. ATSG light trader but TR is damn near perfect 2nd good day CZZ SONC AMAT CAB all great lost abit on Ford even after adding but only a bit .GLW i should have sold at the open but I m above water..Buried 10% In GMO and my 3 year hold in Cpst is damn near at cost..sold 2K shares at a loss earlier this year ..freef up the dead money..GOOD Luck all
Are you Male-Nymph!??
WTF you!??
If all you pissants want to talk dirty about Fly that’s your business. His most recent lesson posted in p1 above is borne out by my EXK foray. A couple times in and out and finally , fuck it, I’ll buy and hold despite Fast Money chippies saying hard silver is the baby and the miners suck. Well, suck me, dija see EXK today. I did ’cause I still gots dat who dat.
without the miners where would they get their physical from,maybe someone should inform the “fast way to lose money” crowd about the birds and the bee’s.
Proper music selection. While many bought rope to hang themselves, I enjoyed some high risk behavior and egregious gains due to FL & AAU. When I saw WNR bottom out, decided it was time to drink Johnny Walker, hard.
Neat I am sure, as all gentlemen of substance refrains from diluting a good scotch.
Don’t forget , the new SPY weekly chain for May 6th opens tomorrow .
I am focusing on the137 ; be alert , these usually fly off the shelf
right out of the box………wait…..patience until at 10:00 a.m.
The GLD and SLV weeklys (sp?) have been terrific plays , however , the unshowered
have joined the partee and although I will play I must use extreme caution .
I am a complete and total idiot.
u sell this morning?
If you mean WNR, no i didn’t. I will hold my WNR till earnings most likely.
I have a problem with silver and gold.
You have huge BALLS to add to your WNR!
http://www.youtube.com/watch?v=WdgLMslbDuY
Nothing beats the Beasties, but was that Frodo Baggins in Mike’s shirt??
And I think I saw Legolas, too…
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added just before big ben started explaining his position….fingers crossed we move into earnings from here
The dollar is spiraling down even further this evening… It’s death dance time… enjoy!
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Down with debt based money.
Yeah, double down, that’s the ticket!
David Tepper spits on le Flea’s renovations.
I am deeply troubled by President Obama’s mischaracterization of the service provided by our carnival barkers. These hard working Americans alert people to tremendous opportunities in the world of ATTRACTIONS, not DISTRACTIONS. Look it up. There’s a difference.
Let’s suppose a carnival barker is out there calling people’s attention to a rising WNR. Would you call that an attraction or a distraction? I thought not.
Oh oh ohhhhh, I’ve fallen in love with WNR