The Rokslide Stock Traders Thread

Beendare

WKR
Joined
May 6, 2014
Messages
8,351
Location
Corripe cervisiam
Who loves Marathon Petroleum?
The current administration has created a bottleneck for refiners and big oil companies.

I own marathon through two ETFs, one of which I increased my holding in December and now those large oil companies are a third of my portfolio. 👍🏼
Edit- pardon. These stock comment threads deserve more explanation and I did not really give it. I was 20% in oil ETFs and CNQ a year ago. I allocated more to it in December because I see it as a way to play market divergence. I still have a significant amount in broad market ETFs and I wanted to offset those with a sector that I thought had room to run.

Essentially, my oil stuff went up and then back down slightly positive for about a year. With the current gov admin, I think companies like marathon have room to run but look at that chart I would not touch it here, it has ran up too hard just in the last month and a half. I do think the large oil ETFs like FENY still have room.

So part of my overall strategy is to offset a potential divergence (read overall market softening) in the market with oil.
 
Last edited:

BBob

WKR
Joined
Jun 29, 2020
Messages
3,693
Location
Southern AZ
ZION From a quick look and a pure chart perspective (I know nothing of this co other than the chart so take it FWIW) it has been consolidating in a pennant pattern on a rise which suggests a bullish breakout. Pretty classic hitting the marks.
Screen Shot 2024-04-26 at 10.56.28 AM.pngScreen Shot 2024-04-26 at 10.57.33 AM.png
 

Beendare

WKR
Joined
May 6, 2014
Messages
8,351
Location
Corripe cervisiam
It might be worth watching HIMS

the CEO came out saying he would hire the university protestors and his stock dropped 8%~ classic go woke.

Theres a chance this thing drops into the gutter….and then a turnaround opp
 
Top