SYNM, news trumps all & plenty of factors at play. I feel a R/S is priced in here and it's quite possible that it doesn't happen.
Likelihood of $1 per gallon retroactive tax cut ($25-$30 million windfall) is not priced in.
Geismar facility has the kinks worked out and now producing near 100% capacity. Profitability is here and there are ~$350 million in NOL carryforwards.
RIN's will rebound early 2013...2012 production quotas are met & RIN fraud scandal suppressing them now.
GTL partnership news a high possibility and being ignored by the market.
It is a swing trade for me- there is an obvious seller allowing me to load here. Trading is ugly but sentiment can change in a hurry.