Why short at this level when you can wait for 1 step up phase and then short. and then ride it down again for some easy peasey money
the only downside with that strategy is of course you dont get 1 step up, and you only get a slow-moving slide down daily. then it will get difficult to know what price to short at. i mean do you chase such a stock down and short it at will at any price then??
You might indeed, get that action. However, I suspect there has been some heavy naked short selling in IOC. This is a big problem. management has a duty and responsibility to investigate, change specialists and take legal action. Oh, I forgot, there are billionaires involved here scooping up cheap shares....never mind. They will close their eyes to the fraud and corruption and let their *friends* scoop shares for the big September announcement. ooopss