[Buying Alon USA Energy (ALJ)/Day Order/Limit $28.85]
Dear Member:
I am placing an order to buy Alon USA Energy (ALJ) on a day order for $28.85 or better. Oil reserves were reported as lower than expected and ALJ is coming off a double bottom support. It is an A+ rated stock by IBD. I only intend to enter a partial position since the markets though up today are still iffy. The jump today has not been accompanied by particularly strong volume at least as of 2:15 EDT.
DISCLOSURE: At the time of publication, I have no position in ALJ.
Sincerely,
Bill Kraft
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