Too early for the big dump on August...
I expect the bottom of the BB to come the first week of July as volume dwindles and a reversal will drive up the stock again.
Hopefully, can cover my positions the time excursion to the bottom of the BB.
I am too early on my short positions here. There's not enough concern by longs that gas will fall till August or September, so no one's selling off, or buying either for that matter. Below is a paste from the yahoo board (TSO):
"Movin, If I was naked short, you may be right about being early. However, I am long with other energy names against it and as my chart demonstrated, which I provided yesterday, I have made money even with TSO moving higher. My thesis is that TSO, and the refiners, will begin to underperform other types of energy stocks since and I have been short gasoline crack and long nat. gas and oil through my portfolio construction. I am took some oil exposure out of play today since oil may spike up to $72 wtic on geopolitical concerns, but the world is currently awash oil inventory and China's imports appear to be well below consensus estimates. I am also long two technology stocks that have a give me growing exposure in software modules and testing, and nex-gen substrate for the solar industry which could be a big winner over the next several years. I know quite a bit about solar and have even visited some manufacturing plants to check out some of the new technology. I also think when the refiners do tank, it will be so fast and vicious that I don't want to be a chaser. Hope you get your optimal short off timing the hurricane season. fwiw, I did not oversleep today. I was unfortunately up at 5 am today. I don't run to the Yahoo Board first thing like you."
AI
