People fear the high price of gasoline will lead to demand destruction, which is why refinery related stocks are getting smashed. Being heavily invested in the sector, I’ve been clown raped in recent weeks. There is nothing to be upset over, since stocks trade on emotion, not reason. I expect the earnings to be spectacular. However, in the short term, it may not matter.
At the present, I am up 2% on my WNR position. Due to drawdowns in other stocks, like CVI, ALJ etc, my year to date gains are withering away, with no end in sight. My choices are clear: stick with my convictions and risk castration or lighten up for the sake of longevity. The potential downside will fucking vaporize my gains, AND MORE, setting me back months of hard work. In the big scheme of things, the money was NEVER MINE in the first place. I’ve made so much money over the last 5 years, it should be illegal.
At any rate, for those of you who cannot risk it all on a singular earnings announcement, my advice to you is “don’t.”
With summer around the corner and Bin Laden dead, enjoy your youth with excessive alcohol intake, whilst eating the finest foods this planet has to offer.
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I’m nut deep lets do this
Still long and strong WNR. ALL IN.
The “SIL” silver miner etf is almost at its lows from mid march. You have a better risk/reward ratio buying it , than knife catching in the metal itself. Knife catching is a difficult art.
http://www.youtube.com/watch?v=7S1bDVidSXY&t=0m19s
Difficult but always good, old-fashioned family fun.
I’ve been trading SIL since April of 2010 and, of course, it has been quite predictable.
Technically, it looks like a decent entry at these levels for a small buy.
Was going to add on the drop to 26.15 end of day today but waited.
I’m hoping for more of a downdraft tomorrow, a test of support.
AG for me…stopped out at 24.50…good spot to re-enter
Silver futes are up, I was hoping maybe AG at $18 and there’s a gap that needs to be filled below $18. What a move in $EXK this morning, Jake nailed two big buys on GTCs – one under 10 and the other just over $10. Real nice.
A week from now we might be buying it in the 8’s.
Told you guys not to get your WNR in w/ this FLY – yeoowch. What a pompous donkey that brays and kicks at everything but runs from his own shadow!!!
wait till earnings announcement bird brain.
Remind us again where we can find your blog with real time trades?
Put on a decent suit and then come back and say that
Staying with plan. Selling here makes no sense to me. Let’s do this thing !!
I love the smell of napalm in the morning. At 3am Ibc newsfeed is my only stop besides the economic calendar, so thanks for breaking the good news to me this morning. Sweet missile island!
WNR is really starting to piss me off….it is hanging around my neck like a lead weight. It is keeping me from even staying even with the SPY.
But i will probably hold until Thursday….are there any other refiners announcing before then? Have any other refiners announced blow out results?
SU reports tomorrow before the open, they have a refining segment
Kind of. SU is a very different story to most oil/refining analysts.
It’s a supply and demand game with stock in the short term (anything less than a year). There is absolutely no demand for WNR at current prices, and unless some fundamentals are made apparent, this stock is a better bet to go to 14 than it is to 19.
Yes. I’m currently biased short with options here, but I will take off the hedge sub $15. Fly invests according to a thesis, and this thesis may take months to play out. Either sack up and wait out the storm if you are managing a decent pile of money, or trade your stupid 4 figure E-tard account back and forth like a boss. But Fly haters should either talk long term positioning here or sod off to a chart-chomper blog.
Whether Fly is right or wrong, it does not matter to me. I have no skin in where WNR goes.
First!
As I said before the market open, Fly was going to stop talking about WNR today. All there is left now, is an announcement that he sold his stake in the company.
You made me LOL …
bot back in to wnr,,,16.75,,,,all house money,, small pos. i cant lose,,
Mr. Fly;
Thank you for your concern regarding everyone’s position in WNR. However, I think that I will hold my WNR positions through earnings because I MADE SO MUCH ON YOUR OXY call that I can afford to:-)
Commods, oil, and stocks all looked sickly today. Sold some silver this morning.
Economy is def slowing down. $4 oil is killing the average consumer that been getting his ass kicked for 3 years.
99ers losing benefits and jobs remain scarce. Me thinks we are about to roll back over as the Fed ends QE.
The death os Osama just marked the TOP!!
Time to sell bitches….
I think you might be on to something. Turf before a staged retaliation crops up to feed the beast?
I hope you are right on WNR and eventually get to strut and preen around the barnyard like a proud cock. However, I was not willing to risk holding it into the earnings announcement, given the way the stock has behaved of late.
Good luck with it, sir.
He won’t hold it through earnings either.
Kudos to you for admitting when you have been wrong. Everybody is wrong sometimes, but by reading most of the crap out there one would never know it.
Fly just gave those of you holding your WNR(s) very tightly a good piece of advice. Take some of your WNR off the table as earnings approaches, just to be on the safe side.
Hello from Hot Dog University in The Windy City. I aced my first exam today- in proper condiment placement. It wasn’t too hard but the Professor was very good. He has a PHD- Professor of Hot Dogs. I have a chance of being Valedictorian, although there are really only 3 students here. Thinking of the Central Park Zoo now serving both Chicago and MY style dogs. I did successfully register my Company name- Mustard’s Last Stand, however, Mr. Bloomberg’s office said too much salt on the fries and he won’t let me wear my warpaint or Indian Headdress.
Oy Vey!! What a Schmuck!!
Here is the link, although I am not sure when pictures of me will be posted.
http://www.hotdogu.com/
Bonds, not James Bond
Little young people :
BTFD …………………….think ……… and stop following these silly bullshit bloggers
screwed up day down 11% as top holdings get annihilated SLV AGQ MOBI
live by the torch, die by the torch
still sitting on nice 21% ytd gains though back at it tommorow and does anyone have a support level for the slv/agq
Silver (the commode) could get back to $39-ish, maybe. Hang tight, it’ll be over soon.
________
you think it will drop that low as people consolidate
Watch the $42 level for now…
Are they going to release the long form version of Osama’s Death Cirtificate?
LOL!
Fly….weren’t you preaching about diversification awhile back??? Cash is a position as you know. Your 2010 is performance is similar to Texeira’s usual start to the season. Granted you will likely beat the averages by year end however we have come to expect perfection and discipline from you. Tighten it up!
So are you Long WNR or do you have a Long WNR?
I’m Disgruntled holding onto my WNR here!
Let someone else hold it and you might feel better.
Ah yes flyaway18! That feels nice! Thanks!
It’s always so awesome when I come here and you play some “nice” music for me.
-DT
OK, TODAY starts Japan’s Golden Week…I don’t know why they bothered to show up yesterday. For this market…as I have been saying for a Very Long Time, stupid bubble…but taking forever to pop.
Bullish..Per my notes, Russia Raised Rates tonight http://www.themoscowtimes.com/business/article/interest-raised-to-curb-inflation/436137.html
hey, i like all u do thanks for everything, it gives me a heads up,,,,
That was announced (leaked) back on Friday. Old news.
Thank you Razor..Po it is official today. Also, RBA did leave rates the same, and really didn’t have any hawkish tone to it at all in my reading of it. AUD/USD pulled back on the news from our close today. Here is the statement http://www.rba.gov.au/media-releases/2011/mr-11-07.html
PPT subs:
The Oversold Case for WNR
http://ppt.ibankcoin.com/?p=5772
Was diggin your post until u went Cramer. ..professing how much cashu made in da past five years?.?? Swell.. It’s da market..almost like talking about how good of a pitcher u coulda been and u didnt u said fate moved da rudder….. It’s the market bro. Here and now my friend, surprised I gotta remind u of this
I am not bragging without proof. Go access my archives and see for yourself, fuck face.
Could the heavy insider selling be pulling down
the stock. I see a lot of it.
It’s all planned / scheduled selling. Insider selling is typically not indicative of anything but the CEO’s cashing out options. Insider buying is far more of a tell.
if yous want to make $ with WNR, now is the time to short it!
Haters are gonna hate. Love the peanut gallery paper traders talking shit. These internet warriors have a future job waiting for them at Fox News.
ALL IN WNR. Go big or go home.
u all r di,,,ck suckers, u dont know how to pick a stock, if it saved your life,,,i pick to make money, n ur shame is u have to follow,, so dont bitch when its wrong, u r all sallyies,, u wish u had the wisdom to pick,,other wise u’d pick , so quit fuckin the fly,,,,just sayin…
It’s “you”, you lazy bastard.
ftk a double, wnr out at 18.51, in at 16.75,, we’ll see
any comments, shut the fuck up,,,i dont care
should say in at 15,80,out at 18.51 back in at 16.75
You are mentally ill and are welcome to stay here for awhile.