tag:blogger.com,1999:blog-2335748440449035592.post2240045474000333247..comments2008-02-29T12:46:06.756-05:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2335748440449035592.post-68389749470819160092008-02-29T12:46:00.000-05:002008-02-29T12:46:00.000-05:00Yes I think the "playbook" says to buy them late winter so people are doing it; so much just seems done on the playbook i.e. why the retailers, homebuilders et al are being bought expecting the playbook to say economy rebounds by late summer. I like FTO the best as I said, but when I see an earnings report like WNR just reported it is pathetic. If gas gets up to $3.50-$3.75 I can see them making some money but with oil continuing up and no end in sight in my opinion especially with trashing of dollar hard for me to get too excited. I do have a link in left margin for crack spreads so you can watch there to see if they widen. That would be a good sign. I've been perplexed why gas has not been $3.50 for past 6 months... not sure what refiners are doing or why they continue to take it in the shorts. Crude at $90+ should mean gas near $3.50. But they havent moved prices up. Been scratching my head on that for half a year.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-54666829454137469922008-02-29T12:32:00.000-05:002008-02-29T12:32:00.000-05:00Been following FTO that you like and it's held at support fairly nice in fact all the refiners have. Cautios on them for all the reason you mentioned but they do seem to offer a low risk entry and stops are fairly easy to identify. I might take a nibble.geckojbhttp://openid.aol.com/geckojbnoreply@blogger.com