Post by
tvstock on May 05, 2016 3:00pm
That guy net sell appox 500k shares on Apr 27
obviously expecting a TBE deal by Apr 30
And net sell 1.6 million shares in last 2 weeks.
IF that is from one guy and IF he is a short, I wonder how many days he need to buy back all the short positions.
He has to keep selling to protect his position.
If nothing goes wrong, a big squeeze is coming. As somebody said, WTI is 16 dollars higher.
Disclaimer : do your own research before any investing as I can be totally wrong. And I am long NBZ
Comment by
james1050 on May 05, 2016 8:02pm
We all know oils going up so why would you short oil stock it just doesn't make sense so it leads me to believe that one of the majors is dumping their shares but anyways considering all the shares that are being dumped I don't think we're doing too bad when this is over we should be coming up pretty quick
Comment by
tvstock on May 06, 2016 2:28pm
He dumped BIG lots of shares when buyers are few. Bring down the stock price by uyp to 15 cents on a single blow. If you simply want to cash out you don't do things this way. He wanted to bring down the price more than cashing out, IMO.