senior. i just get call from ameritrade person – feckin prik – say i have to give something call margin or some bullshit for my WiNneR. what such bullsheet? i follow you all in WiNneR. now they call me want heaps cash. what this sheet i broke now.
I appreciate all that you do for us pikers. We are all here hoping for investment gems that will allow us to bank tremendous amounts of coin. I am alarmed by your recent investment move however.
Can you tell us idiots why you still hold on to WNR? I don’t see any catalyst to make it go up after earnings. The market has stopped going up, and WNR is down 20% over the last week and a half.
WNR Catalyst? Crack Spreads. That’s the catalyst. Unless we go full burlap to the downside, this correction will blow over and fundamentals will play out.
That said, I was biased short on WNR over the last few days and now I’m back to a core long position ~15.80. I’m trading around a core long position with options. Fly is managing large sums of money by positioning for a weekly trend. What are YOU doing? If you don’t know, then you have no business following anything anyone says, Fly or otherwise. Either talk about your plan, your timeframe and your idea, or STFU and just watch.
I’m talking about the Fly haters and the whiners crying about their position. Not you. It sounds like your observations are good and you have a plan. I’m no genius. Sorry I hit a nerve for you.
My game plan is as I said: long core position, trade options around price spikes both long and short, wait for earnings. I’m hoping for a $22 print in the near term (1 month or so). I wouldn’t be surprised by a 14 print during that time either.
None taken. Everyone is in the market to make a buck. I am certainly no genius either. Odds are you’re probably smarter than me. But with the markets, I have found that smarts can be detrimental to one’s bottomline. Your brain makes you stay in longer than you otherwise should have cause you’re “right.”
Anyways, I like to view trading as speculating like back in the gold rush days. Sifting through the sand until you find the gems here and there. Control the downside, and the upside will take care of itself. Catch a couple of fat tail trades, and you’re golden!
Waiting for the market to prove you right and you just might be waiting for eternity. Not to say that this doesn’t always payout, Michael Bloom did it with the CDO meltdown. But I always prefer to have prices at my back.
Crack Spreads WERE the catalyst for the last 6 months. The stock went from a low of approx. $4 to a high of $20. Do you really think that the same catalyst would continue to move this stock?
History says that the high crack spreads are temporary and will come back down this fall.
Now give a real catalyst for why this stock goes up? And don’t even think about saying the company is going to get bought out.
Pay off huge amount of debt with blowout earnings for several quarters. Upside guidance. Sale of plant. Unique area of service within the united states. and, oh yea…short squeeze.
God knows they need to pay down debt. Too bad they will only have blowout earnings for a few months.
Gas prices are now at the known tipping point. Last time we hit $4.00, demand showed a clear drop. Same thing will happen this time.
Back in 08, the drop in demand and accompanying drop in economic activity triggered the largest recession in world history. This time, there will also be a drop in demand, but because the main issue is now the underlying currency, and this problem is going to continue to get worse.
With demand dropping, and prices rising, suppliers will be squeezed. They are going to be forced to drop their margins to historic lows. Yes, I see spreads dropping to historic lows this fall. They will stay at historic lows until the dollar is completely worthless.
hedge/protection?
senior. i just get call from ameritrade person – feckin prik – say i have to give something call margin or some bullshit for my WiNneR. what such bullsheet? i follow you all in WiNneR. now they call me want heaps cash. what this sheet i broke now.
Thees call Mexican Jumping Bean trade aka Tough Tamale
Hey! Someone stole my name! Defamation of character!
Tough shit pedro.
er, tuff shit Pedro.
In case you are an ESL type person needing more phonetic spelling
Old men in Depends be warned
Hey Fly…
I appreciate all that you do for us pikers. We are all here hoping for investment gems that will allow us to bank tremendous amounts of coin. I am alarmed by your recent investment move however.
Can you tell us idiots why you still hold on to WNR? I don’t see any catalyst to make it go up after earnings. The market has stopped going up, and WNR is down 20% over the last week and a half.
Not a bad idea Fly , but I think you’ll get more bang for your buck
with ERY .
Why do you keep yapping? Dont you remember FTK?
yes I do remember FTK. He orginally bought it in 2007, and held it from the teens down to $1. It then took 2 long years to come back some.
YEAH!!! Fly has joined me on the Dark Side!!! And Chanos will be on CNBC…the world is good.
WNR oversold… thats all we need to know
So Mick, now you think it’s a WiNneR?
Between WTW and WNR Thursday, starting Friday I just make take the rest of the year off…
not sure its a winner but its oversold
WNR Catalyst? Crack Spreads. That’s the catalyst. Unless we go full burlap to the downside, this correction will blow over and fundamentals will play out.
That said, I was biased short on WNR over the last few days and now I’m back to a core long position ~15.80. I’m trading around a core long position with options. Fly is managing large sums of money by positioning for a weekly trend. What are YOU doing? If you don’t know, then you have no business following anything anyone says, Fly or otherwise. Either talk about your plan, your timeframe and your idea, or STFU and just watch.
why the heck not? I do not care if I am wrong, as long as I correct my errors as quickly as possible.
Long SAAS @ 3.88
Path of least resistance is up. Potential catalyst is earnings in a couple of days.
Time frame: 1 week – 6 months. I have my backside protected and will let the trade move as it will.
What is your game plan with WNR. Other than berating anyone who is watching the stock.
I’m talking about the Fly haters and the whiners crying about their position. Not you. It sounds like your observations are good and you have a plan. I’m no genius. Sorry I hit a nerve for you.
My game plan is as I said: long core position, trade options around price spikes both long and short, wait for earnings. I’m hoping for a $22 print in the near term (1 month or so). I wouldn’t be surprised by a 14 print during that time either.
None taken. Everyone is in the market to make a buck. I am certainly no genius either. Odds are you’re probably smarter than me. But with the markets, I have found that smarts can be detrimental to one’s bottomline. Your brain makes you stay in longer than you otherwise should have cause you’re “right.”
Anyways, I like to view trading as speculating like back in the gold rush days. Sifting through the sand until you find the gems here and there. Control the downside, and the upside will take care of itself. Catch a couple of fat tail trades, and you’re golden!
Waiting for the market to prove you right and you just might be waiting for eternity. Not to say that this doesn’t always payout, Michael Bloom did it with the CDO meltdown. But I always prefer to have prices at my back.
Good luck.
Crack Spreads WERE the catalyst for the last 6 months. The stock went from a low of approx. $4 to a high of $20. Do you really think that the same catalyst would continue to move this stock?
History says that the high crack spreads are temporary and will come back down this fall.
Now give a real catalyst for why this stock goes up? And don’t even think about saying the company is going to get bought out.
Pay off huge amount of debt with blowout earnings for several quarters. Upside guidance. Sale of plant. Unique area of service within the united states. and, oh yea…short squeeze.
Educate yourself before posting douchebag.
Indeud
God knows they need to pay down debt. Too bad they will only have blowout earnings for a few months.
Gas prices are now at the known tipping point. Last time we hit $4.00, demand showed a clear drop. Same thing will happen this time.
Back in 08, the drop in demand and accompanying drop in economic activity triggered the largest recession in world history. This time, there will also be a drop in demand, but because the main issue is now the underlying currency, and this problem is going to continue to get worse.
With demand dropping, and prices rising, suppliers will be squeezed. They are going to be forced to drop their margins to historic lows. Yes, I see spreads dropping to historic lows this fall. They will stay at historic lows until the dollar is completely worthless.
WNR, still going to 20?
Your mother is a whore.
Your mother pays ME to get anal from ME, so there.
I am going to eat a ham sandwich and watch an episode of House. ALL IN WNR.
Mr Fly, you are surrounded by idiots.
fly .. get to banning .. thanks
Please allow me……Fuck off you bunch of ingrates.
The correction is over … prepare to go higher
WNR going to close above 16 !!!