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Maybe Just One, Or Two

I have been watching CSX for the past week and it is struggling with resistance at $60 but appears to be generating strength for a breakout. It has been a low volatility climber and I am going to add it to the list. If we are triggered I will remove Headwaters from the official portfolio next week.

I know I said just one but Frontier Oil has also shown a remarkable trend and very little weakness on Friday. Since we missed Holly I am going to take a chance on FTO.

Jim Brown
 

Dropped Entries

None


New Watch List Entries
FTO
Frontier Oil
   

Current Watch List

CSX - $59.81 - CSX Corp

CSX Corporation (CSX) based in Jacksonville, Florida, owns companies providing rail, intermodal and rail-to-truck transload services that combine to form transportation companies, connecting more than 70 ocean, river and lake ports. CSX's principal operating company, CSX Transportation Inc. (CSXT), operates the railroad in the eastern United States with approximately 21,000-mile rail network linking commercial markets in 23 states, the District of Columbia, and the Canadian provinces of Ontario and Quebec. CSX Intermodal Inc. (Intermodal) is a coast-to-coast intermodal transportation provider, an integrated intermodal company serving customers from origin to destination with its own truck and terminal operations, plus a dedicated domestic container fleet. Containers and trailers are loaded and unloaded from trains, with trucks providing the link between intermodal terminals and the customer.

Only enter the first one triggered.

Breakout trigger $60.50
BUY 2008 $65 LEAP Call YYD-AM

Breakdown trigger $58.00
BUY 2007 $60 LEAP Call OBC-AL

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FTO - $59.27 - Frontier Oil Corp

Frontier Oil Corporation (Frontier) is an independent energy company engaged in crude oil refining and wholesale marketing of refined petroleum products. The Company operates refineries (the Refineries) located in Cheyenne, Wyoming, and El Dorado, Kansas, with a total annual average crude oil capacity of 162,000 barrels per day (bpd). Both of the Refineries are complex refineries, capable of processing heavier, less expensive types of crude oil, while producing gasoline, diesel fuel and other high-margin refined products. Frontier purchases crude oil to be refined and markets refined petroleum products, including various grades of gasoline, diesel, jet fuel, asphalt and other by-products. The Company focuses its marketing efforts in the Rocky Mountain region, which includes the states of Colorado, Wyoming, Montana and Utah, and in the Plains States region, which includes the states of Kansas, Oklahoma, Nebraska, Iowa, Missouri, North Dakota and South Dakota.

Breakdown trigger $56.00
BUY Oct $60 Call FTO-JL
 

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