The market have got the blinkers on again and are prepared to "sell sell sell" (in the words of Jim Cramer) as another short term thesis takes hold in O&G stocks.
The brokers might as well state the target price at $2.00 because nothing is moving for SXY until that 5,000,000 share overhang on the sell side, which seems to be a permanent fixture, starts to decrease.
What should be isn't, what could be ain't.
Cheers
BW
SXY Price at posting:
59.7¢ Sentiment: Buy Disclosure: Held