CVI should of been up $2+ based on CVRR price today
Are we expecting CVI to catch up to fair value. Or to just languish here at a discount? If it was trading at $58+ 2 days ago, they should love to pay $60 now based on CVRR up 12% since then. But yet CVI fell to $54.60. So that is like nearly a 18% spread created in 2 days. The guy long CVI and short CVRR is crying and must be wondering if he will make back some money.
yesterday cvi was the laggard of the refiners.
Today it is by far the leader.
The heavy hitters push one stock down in order to buy on cheap next day or so. I have noted this pattern for a long time in the refiners.