CVR REFINING (CVI): I would say someone is doing heavy short...

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CVR REFINING (CVI)

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michaelmerriman

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michaelmerriman

Re: jugs post# 727

Monday, 08/28/2017 3:02:07 PM

Monday, August 28, 2017 3:02:07 PM

I would say someone is doing heavy short term trading on the news of Hurricane Harvey knocking out some Houston refining capacity. This leaves OK refiners at an advantage. Still, this is trading on news and playing off of assumptions of the people that don't know really understand the downsides of owning this stock.

An easy way to milk a 4-5% short term gain out of an otherwise garbage price trend and company fundamentals breakdown.

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