Hi Onefor the road
Just as most longs held on when the SP went down the shorts will probably hold with this increase over the past few weeks. My point is that IF the oil price holds and we see even a simple good NR they will start to cover. If we see oil go down, they may try and push CLL down again. It doesn't really matter if you are a retailer or an institutional investor the idea is to make money. I listed a few reasons why the oil price may stay up, of course who really knows, but if it does stay up and DG issues another positive NR we should see a good pop and a scramble by the shorts.