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Maybe the Obe announcing lower capex spent is why Obe share price snapped into a reversal... Obe was hammered at 5.50 the whole morning whenever stock was trying to make a run...5.46-5.51 all morning.
then almost instantly the stock is 5.62 and some whale buyer took a lot of sell orders between 5.50-5.62...a lot of shares in short amount of time on buys side...market order.... Perhaps a short seller isi covering expecting a higher capex plans for 2025 and instead it will be lower.... if this can grind get to 6...short seller covering will get more rapid and 7 dollars will be fast.... Obe is torquey both ways...with over 3 million shares short...if positive share prices close happen...these short sellers have to cover margin as Obe goes up
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