Take a look if you haven't already, as my friend Dave wrote,
"I'm seeing some 3C divergences in the refineries and they've been beaten down a fair amount this year. Not calling a bottom, but seems good risk reward if oil continues to pullback (which think will pullback a little)."
Dave (not my good friend Dave from Trading-to-Win), but another Dave who has been a long term disciple of 3C (that sounds kinda cultish doesn't it? Cool!) sent me that email today. Dave also sent a generous donation via the PayPal TipJar on the right side of the blog because he made a few duckies on the JRJC trade from last week. More than the money, which is very helpful right now (read the post about the hedge fund a few articles down), it's a great feeling to know that someone who is totally anonymous, who will never be seen or feel shame or embarrassment for not contributing, someone who could just take the whatever from the site and use it (as it is intended to be)-someone who is faceless-chooses to contribute and so generously. Beyond the money, the decency, the appreciation really recharges the batteries. So again, thanks for that too as well as the assessment on refiners which fits right in with my own being I've been buying TSO this week and last. Take a good look, but soon, I don't think there's much time left.
Tuesday, July 22, 2008
TSO
Posted by Brandt at 3:27 PM
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