DonOrleon17
$RIG this price action is criminal behavior. It’s obvious that institutions are lending shares to one another so they can sell them short in the open market, driving the price down, loading up more at lower prices, while they still get to keep their original shares. Criminal as heck.. blackstone , Elliot management and many other massive hedge funds have huge stakes in $RIG , I’m not doubting the company, I’m doubting the manipulation behind its price action. The $USO just broke $160 and this is somehow red.. mind you $RIG picked up a massive $300 million contract a few weeks ago that didn’t move the price at all, and now it’s the same it was a month ago, despite having over $7 billion in backlog biz. This is criminal… and for anyone who says that’s just how the market is, I’ve been monitoring this stock for months, there’s no reason this shouldn’t be moving up. The short interest % of float is ~30%, with an exceedingly high institional ownership. Sick…
7
