Sep. 11 at 4:45 PM
$RIG wild guess here.. I think these institution are lending shares to one another to sell short in the open market, that way they keep their shares, push the price down, and simply rebuy during high liquidity periods at new lows, all while squeezing out retail buyers. eventually they’ll stop the games, but that’ll be a carefully orchestrated move… yes I’m bullish on this stock, simply trying to understand the insane short interest on this and the extremely high volume of shares sold short, which have to come form institutional holders.. it’ll eventually have its day, but this manipulation is exceedingly frustrating.
