Blast, I think we're headed higher, but you're right, you can't knock 25%. I think we'll top in late May or June.
VLO is busting out. All this press about refinery margins is going to feed a pig-out, IMO. I bought one lot at $56.70, and another at $59.10, so my money is where my mouth is.
I'll hold for $65 range unless this breakout fails. I think the pump is being primed...there is a lot of energy in this one...it's not yet topped. Will sit on my hands for now while it churns.
This is why I like TSO here. <a href="http://photobucket.com" target="_blank"><img src="http://i179.photobucket.com/albums/w282/max401/TSOVLO.jpg" border="0" alt="Photo Sharing and Video Hosting at Photobucket"></a>
Not that much of one: <a href="http://photobucket.com" target="_blank"><img src="http://i179.photobucket.com/albums/w282/max401/TSOVLO1.png" border="0" alt="Photo Sharing and Video Hosting at Photobucket"></a>
The crack spread has come in about $2.00 the last couple of days. VLO announced the "restart" of their Houston refinery. An Open Interest of 18,000 March 60 Calls would seem to indicate that VLO will head for the $60.00 strike for Friday.