As the market heads towards 14,000, my WNR is being ground in between the gears of hell. Some might say “oh, someone knows something, which is why it is trading lower.” That’s not true. Stocks go down for all sorts of reasons. Perhaps some junior trader at some fucked up hedge fund got chastised over buying WNR. The conversation went something like this:
Boss: What the fuck is this WNR shit? Jim Cramer said to sell the refiners and you are buying?
Junior Trader: But, Sir, “The Fly” is buying it and he is “awesome and amazing.”
Boss: Who the fuck is this Fly guy? All I know, refineries are a shitty business. I want it sold, NOW.
Junior Trader: But, Sir, we might take a loss on it. And, all of the other refiners are trading up today.
Boss: Who gives a shit, you faggot? Jim Cramer says sell I ask him how much? Sell it all or you’re fired.
Junior Trader: No problem.
That’s pretty much how a forced liquidation happens, which in turn makes a stock trade lower. Naturally, this is pulling for straws, making excuses for a stock trading down on a great day. However, I’ve seen this shit before and the selling of a specific name in a kick ass sector is rarely majestically prescient.
Back at it tomorrow.
For the day, I bled out another 1%, helped by VCLK, FORM, SHLD, OXY and CVI.
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the one thing I hate more than juniors at hedgies is shopping for hardwood !!!
the one thing I hate more than juniors at hedgies is shopping for hardwood!!! (hehe)
never gets old
imposter !
Do you have a target price for this POS if the market has a bad few days ?
I didn’t think so .Let me help you out ……13~14 .
when does the market have a few bad days?
Exactly. Hell just a month ago we were facing nuclear annihilation and have bounced back to new highs. Fucking love it.
STILL facing. Don’t matter.
lol
Good point. And that’s more of a reason to sell and reallocate……….
never made a dime being stubborn…….I’m just saying
And as to Cramer , say what you want , but that prick can definitely
hurt a position much more than he can ever help .
Yes, don’t knock Cramer. He runs a very profitable pump-and-dump operation for his “charitable trust.”
i think we make $$ in refiners before its over. Refiner chatter was picking up today. If earnings are as impressive as we hope, they will come chasing the earnings if the spreads hold for another 30-45 days and we will see next leg upward. Similar type phenomenon as day rates on rigs (RIG).
Today was “brissy” for me as I cut 80% of my WNR and will grab it with two full hands at a later date. I also sold my PLAB position and bought some WRES and PAY with the proceeds.
proceeds ??? from plab thats funny
I think we should have a vote for who has the best moniker.
go2jupiter and jimmy_wto_times are right up there at the top of my list. Shipwrecked&alone is kind of haunting, but it’s cool, in a sad, I know what you mean, tears rolling down my face kind of way. I like it!
And for the funniest and most original poster, I vote for Steve the neighbor.
True story: the real Steve the neighbor is in the insurance bidness
How many poricies has he sowed you?
__________
I’m sure I’d win for worst typest (and most irritating). LOL
When you fall in love with an idea or a stock you almost always end up selling at a loss due to stubborness… you can be right and lose money or wrong and make money take your pick…. (see Vix).
Hmmmm, my WNR seems to have gone all limp.
Could it just be from profit taking? I bought wnr
at roughly 15 and sold it at 18 Ish. It had a quick
run and fly you said you would sell it at 20,
So it made since to get out at 18. This stock was a
5 dollar stock at one time, it’s made a heck of a run.
When I see that it makes me pause before getting
back in it on this say pullback.
For all you technical traders go back to May 7 2009 WNR is at support here Yesterday had a hammer candlestick and the big boys took out the fifty day moving averages on FTO TSO HOC CVI. I think this is a big shakeout before earnings. Also crack spreads normally peak in mid to late May. WNR and FTO are the refiners that can really take advantage of the over supply of WTI in Cushing Oklahoma.
Fly what are you eps estimates for WNR in Q1?? 50 cents??
Thanks Uncle Fly. Dad told me you were going to allow us to put a party tent on your lawn for my Bar Mitzvah this summer. He said something about your lawn being dead anyway. That was really cool of you. Fly, Jr. says he is psyched which is good because we are BFF. I am looking forward to your toast although I overheard Mom and Dad say they were concerned about the bad words you say sometimes.
And the best part of turning 13 means that I will be a man, so my WNR should get bigger.
Dad says he will be sure not to put Neighbor Old Man De Luca next to you. Something about a riot ensuing.
I think Wnr will earn north of .75
Yes, seven times.
My WNR is bleeding something awful. I am getting proper fucked each and every way by WNR, FXI, and EWZ. Not to mention the grains.
Frist rate video:
Fight of the Century: Keynes vs. Hayek Round Two
http://www.youtube.com/watch?v=GTQnarzmTOc
It’s a rap video that tells you more about these 2 competing theories of economics than any lecture you’ll ever go to.
Round One is good too
http://www.youtube.com/watch?v=d0nERTFo-Sk