Immediately after the ISM numbers, I sold out of ERY and bought TNA. Additionally, I covered my shorts in TROW, LM and NTRS. I am holding onto my EXH short.
Also, I bought 75,000 shares of WNR. I am not sure if the stock has bottomed yet. However, it is certainly more attractive now than where I sold it a few weeks ago. I am not sure if I am going to put a line in the sand on these shares or build a position from here. I definitely believe the refiners are in far better shape than valuations dictate. After all, crack spreads and WTI-Brent spreads are still at record highs. I sold the majority of my shares because I feared the market was going to drop and the refiners were underperforming. The only thing that has changed is the price.
It is attractive here, especially if we are going to get an oversold bounce.
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for a trade!!
awesome pic on the front page.
I see, “Shadows near the urnial.”
Anybody has RealMoney Silver?
Looks like Kass is bullish? I guess that’s a good thing?
God damn Indians, my punch card stacks are being held by customs at JFK. It seems the boxes were also packed with gold nuggets, jewelry and cousin Rakesh, as they tried to smuggle them into the US. Rakesh was to live with Uncle Balbir in Edison, NJ.
Maybe it’s good that it happened given the morning rally.
I think I have stayed at Uncle Balbir’s motel.
Funny shit, wish I could give it a thumbs up.
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On Route 1?
His tandoori and curry are amazing. You could smell it through the whole place.
Although late at night I have to sneak out for burger at the White Rose System.
Take a look at a chip maker like KLAC or LRCX.
No idea on findies or technicals (and don’t care).
Just watching price for the last 10 days or so.
Disclaimer: NOT giving Fly investment advice.
lol isn’t that technicals?
Still 70% cash
People are buying cars. They are gonna need gas. The auto sector could lead us out of recession. Kind of a throwback to the 1950’s style of recovery.
I am not interested in buying anything but refiners.
fly, you still holden tlt?
no
Long and Wrong !!!
You stupid bitch. I am 70% cash, short EXH and long a little WNR. That does not make me long and wrong.
You are also long TNA
I AM LONG TNA FROM 32.68. WATCH ME BOWL ON YOUR FACES.
No. Get out of it.
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It’s been two hours. Maybe wait until the end of the day before laying your neck on the tracks.
HERO is crazy cheap at these levels!
There are fundamental reasons for that.
what were you wrong for, an hour? fck these peeps, nobody judges money management on an hourly basis
Tell that to the Najarian brothers.
Bouncing off nicely…around 1120ish SPX.
SHOMP- motherfuckers
Dollar is breaking out.
GTFO!
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What you need is vectorvest!! It’ll help you make those difficult market decisions.
I bought TNA at the close on Friday ($33.00). After the ISM #’s, there did not appear to be much improvement, so I sold it assuming that would be the best news we would receive today.
NFLX top performer today. Respect for Najarian.
dead cat bounce.if shit gets tighter,the first thing people do is cancel subs
He’s probably out by now. At +3%.