That's because the bump yesterday was nice, but most of us longs are not even near being able to sell for a profit. Only the new meats are taking their profits and bailing. We are just waiting for the right time, then these profit takers will wish they had not sold.
I was thinking about buying Monday, but he does make sense. But how long can the Saudi;s keep pumping out for nothing, just to try to put the shale companies out of business? I don't know, but it sounds like too big a risk for not enough gain, especially with the dividend cut.