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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (85488)5/30/2007 10:59:24 AM
From: Dennis Roth  Read Replies (1) | Respond to of 206184
 
>> Goldman has raised the long term picture substantially since 9 days ago. It added $15 to the previously projected 12 month price of $90. This is a heck of a move in a very short time frame<<

FWIW, it set the $90 target 32 days ago on April 27, Message 23498145

It may have topped out. Goldie's target was based on an average
$10-$11 per barrel Gulf Coast 3:2:1 refining margin for 2007.
I'm keeping an eye on the crack spread.



To: carranza2 who wrote (85488)5/30/2007 12:36:33 PM
From: Dennis Roth  Read Replies (1) | Respond to of 206184
 
Short interest in VLO has exploded in the last month.

Settlement Short Avg Daily Days
Date Interest Share Volume to Cover

May 15, 2007 46,053,976 14,973,926 3.08
Apr. 13, 2007 10,781,923 13,008,093 1.00
Mar. 15, 2007 11,431,259 11,497,527 1.00
Feb. 15, 2007 8,420,016 11,943,417 1.00
Jan. 12, 2007 10,191,188 10,702,512 1.00
Dec. 15, 2006 9,494,783 11,475,305 1.00
Nov. 15, 2006 8,804,354 13,172,830 1.00
Oct. 13, 2006 9,943,338 16,481,520 1.00
Sep. 15, 2006 11,144,648 11,801,723 1.00
Aug. 15, 2006 11,004,564 9,130,650 1.21
Jul. 14, 2006 10,536,865 8,610,505 1.22
Jun. 15, 2006 10,515,888 10,354,729 1.02



Clearly, they think a short term top is near.