Big Dog's Boom Boom Room Message Board

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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: sammaster who wrote (100697)	5/9/2008 10:38:31 PM
From: profile_14	Read Replies (1) of 206084

The lower left quadrant says the glut has been largely worked off. Now folks just have to digest that and adjust for the slowdown in consumption vis-a-vis refinery run rates. I believe we are closer to a bottom than a top and increased my refinery exposure today on both VLO and TSO after lunch and also increased my DUG position via stock and June options. For the first time in a few weeks I feel pretty good about this position based on how stocks acted today despite a $2 rise in oil. The breadth is narrowing quickly and the divergence is increasing IMO. media.corporate-ir.net finance.yahoo.com finance.yahoo.com

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