RE:Beware the 12 Week SU Short CycleExcellent info MC
I was going to address the Short Position in my last post but I got distracted (that is how old guys mansplain senility). My comment was going to be about looking forward to seeing the updated Short Postion on SU as of the 15 which should be available early next week.
With oil at current prices and SU doing all the right things for their doubling down strategy (which I think is foolish but what do I know) one would think that the SU share price would be back up in the $40s.
However, the price of a stock in the short term may have very little to do with fundamentals as the paper pushers at the big desks control the market....always have....always will.