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July 2008



Refiners: I Was Wrong!

July 27, 2008 – Comments (8) | RELATED TICKERS: VLO , ANDV , WNR

About 8 weeks ago, I was gloating about the upswing in refining stocks. At that point, I had already pocketed a nice profit due to my analysis of the crack spread (which was nearing $20 at the time of writing, up from lows around $7 last November), about which I had written a week earlier. With the driving season about to start, I figured the spread could only go up, and with it the stock price of pure refiners.  [more]



Ending Fannie and Freddie Underperform

July 10, 2008 – Comments (7) | RELATED TICKERS: FNMA , FMCC

Just over 2 months ago, I picked FNM and FRE to underperform. I did not believe the mortgage industry was healthy, and neither were these two semi government institutions.  [more]

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