RE:RE:RE:RE:RE:RE:Institutional Ownership
After looking at trading in SGY for the past month, this makes perfect sense. I have 8 other oil stocks on my watchlist and when oil goes up they go up and when oil goes down they go down. But not SGY. For example on Friday WTI was down .48 and all 8 stocks went down with it, but not SGY it stayed even. Anytime SGY starts to climb someone will put in an ask at .31 or .32 for 500 shares and drop the price. The SP got as high as .35 on Aug 12th at end of day but was brought back down the next morning at opening even though WTI was up. So, although I am not a fan of conspiracy theories this Stock is definitely being manipulated to keep it in the low 30's. It's an interesting Stock to follow, so interesting that I am going to jump in on Monday opening.