SSO was oversold yesterday. Was licky to sell day before and bought into HBM that day. Yesterday sold HBM at marginal loss and bought back SSO near day low. I always buy the bad news because in most cases the market always exagerate the moves up or down. SSO had a double whammy, tax bill and down market plus higher dollar. If they have to pay in full plus ligitation expense that woll be roughly 47- 55 cents a share so does not look so bad considering production guidance and cost cutting.
Regardless of how market will be tomorrow we will see SSO go back to 8.25 at least as investors put into perspective the impact of the revised tax bill