Jun. 27 at 3:42 PM
$REI the reason she dropped from
$1.35-
$1.05 was arbitrage hedge funds that shorted her into the Russell addition. This is an old practice used every time by many hedge funds that know that the Russell has to buy at any price some like to buy a stock and push it up and force the Russell to pay higher prices and others look for week stocks with low volume that they can control and short it all the way down, knowing that they’re guaranteed to make a profit on that day…. If you have level2 and you watched yesterday, they flipped 20 million shares on the ask that forced the Russell to pay between
$1.05 and
$1.08 per share probably making them a quick
$5 million for two weeks worth of work… I sent an email to the CEO to put out a news release stating they paid off the line of credit which would’ve caused the computers to push it higher and trap these guys so they would’ve had to cover higher, but of course the CEO only knows how to suck oil out of the ground..
