ALJ

[eliteG]

Profile: Alon USA Energy, Inc., together with its subsidiaries, engages in refining and marketing petroleum products primarily in the southwestern and south central regions of the United States. The company operates in two segments, Refining and Marketing, and Retail. The Refining and Marketing segment refines crude oil into petroleum products, including gasoline, diesel, jet fuel, petrochemicals, feedstocks, asphalts, and other petroleum products. The segment primarily markets its gasoline and diesel under the FINA brand name at approximately 1,250 locations. As of December 31, 2005, it owned a crude oil pipeline system totaling approximately 500 miles. The segment's product pipeline and terminal network consisted of 7 product pipelines totaling approximately 840 miles and 6 product terminals, which it owned or accessed through leases or long-term throughput agreements. As of December 31, 2005, the Retail segment operated 167 owned and leased convenience stores in west Texas and New Mexico. Its convenience stores offer various grades of gasoline, diesel fuel, food products, tobacco products, nonalcoholic and alcoholic beverages, and general merchandise to the public under the 7-Eleven and FINA brand names. The company is headquartered in Dallas, Texas. Alon USA Energy, Inc. is a subsidiary of Alon Israel Oil Company, Ltd.
Website: http://www.alonusa.com/index.cfm?FuseAction=Page&PageID=1000000

Trading Idea:  
ALON is in the right industry.  Oil is the place to be and this new issue is expanding rapidly.  

Revenue and earnings growth is impressive:


ALJ has a well formed bottom from October 2005 - April 2006.  In April the stock broke higher and has now formed an ascending triangle continuation pattern.  The candle today is a very powerful beacon in a red market.  A tall white candle with volume.. and now ALJ is at its highest close ever.  

Power move - lets join in.

Trading Plan:
Buy ALJ on Thursday 7/13

trade it good,

[eliteG]

update ALJ:

A rough 1st 2 days for ALJ as the market had a strong move south.  Lets make sure to have a stop.

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Position: bought ALJ @ 36.30 on 07/13/2006
Order: Hold
Exit: stop @ 32.40
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[Terliso]

Elite, check out your pick it is getting strong

[Terliso]

New all-time high