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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (69981)	7/18/2008 9:56:10 AM
From: KyrosL	Respond to of 74559

Just sold VLO too. VLO is the premier refiner, but refining will be in a world of hurt in the second half of 2008 and beyond with all sorts of capacity for heavy oil refining coming on stream around the world. A 10+% advance in a couple of days is a gift I cannot refuse.

To: KyrosL who wrote (69981)	7/21/2008 12:10:38 AM
From: Snowshoe	Read Replies (1) \| Respond to of 74559

You had some nice gains on those! UYG (the inverse of SKF) had a great rally too. But I wonder if the market will retest the downside soon? I'm feeling awfully depressed about the economy and the financial situation. Won't surprise me if the Dow/Spx falls back to the levels of 2002. I'll be looking for an entry on SKF if the financials continue to rally. And I'm hoping for a further correction in the energy stocks, so I can wade back in.