the selloff is over, page-5

I agree with you that it is oversold but all the Director buying in the world (a classic "Let's show confidence" move in the Board room) and a trade mag recommendation is not enough to turn the tide. The Institutions have had a buy on this for a while (ABN AMRO has been yelling "BUY" for a few months).

Yes, we need these little things but the real action is a signal of a rate pause from the Fed. RIN's income is 80% from the US and everyone is skittish about growth especially in the real estate bubble there. The share buyback is a great start of support but that doesn't happen until August. Watch the price take off for a week or two and then settle back. Just my opinion. I hope I am wrong and she goes rocketing back up because I am very long RIN.