Today felt good as I watched some big losses turn around. Earlier in the week I bought a nice chunk of GOOG and watched it turn positive today, I bought more around the 410 mark averaging my basis to around 417.
I recovered some ground in Apple Inc. [[AAPL]] as it took off into the close, but still down on the position.
I bought some National-Oilwell Varco, Inc. [[NOV]] early in the day, but nothing in size. I also took home some Freeport-McMoRan Copper & Gold Inc. [[FCX]] off of Fly’s buy today. I even got into Clean Energy Fuels Corp. [[CLNE]] on this mornings dip– I am tired of watching the stock run without me so I dropped some in the IRA.
As for my man size Valero Energy Corporation [[VLO]] position, I was stopped out the other day for a gigantic loss, sucks, but I still own a little Tesoro Corporation [[TSO]] .
Today was a recovery day in more ways than one. On this very day several years ago many good Americans lost their lives. My heart goes out to everyone who has lost someone special in their life. I too have experienced that pain.
A good man told me last night,
“God has a design for all of us, as inhumane as it may seem. Let his death strengthen your life, in his honor.”
Those words will never be forgotten.
Play the following clip as loud a your PC will allow. “We Will Never Forget”
[youtube:http://www.youtube.com/watch?v=VX9cM-Ovm3s 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter
Amen
Chivas,
take a look at this: http://money-eater.blogspot.com/2008/09/refiners-look-at-that-crack.html
RC,
thanks. i like it. this hurricane, it appears, has houston in its sight. it is projected to be a cat 3 at landfall. also, because of its size, storm surge is supposed to be huge. we might be out of these refiners next week with huge gains. one day at a time. thanks again.
never forget what mr. fly wrote.
RC: That chart looked like it was using a formula
“1.8*UGA – USO”
Is that really a good estimate of the crack spread? Seems a strange formula compared to the more complex ones i have seen.
I have seen others use $GASO:$WTIC and $HOIL:$WTIC on stockcharts.com
SB, post the link from stockcharts.com
http://www.hardassetsinvestor.com/component/content/article/918.html
Good luck Rajin, you seem like good people. I def know what it feels like to make huge profits for a while and then get slammed. Live to fight another day. Know plenty of people that have had accounts blown out because of heavy bets.
The formula on my blog (money eater) was just a vague approximate. The only thing that matters to me is the direction of the crack, which is now up.
use 3-2-1