RE:RE:BofA: Fall In Russian Oil Exports Could Send Oil Above $150There seem to be quite a few short term, range, or day traders following OBE from the US.
Some of those tend to sell at this level, with the expectation they can buy back a couple of dollars cheaper going forward.
This time, each time that sort of selling momentum started, those shares were bought by someone else, and the price bid back up to where the selling started. It looked like this happenned 3 times on Friday.
It looked like day traders vs accumulator(s).
In a thinly traded stock like OBE, day traders tend to stop trying to hammer the share price down once they realize their strategy isn't working this time.