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Transocean Ltd. Message Board

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  • simpleawright simpleawright Jun 1, 2012 3:57 PM Flag

    RIG under 45 only comes along

    Guarantee you, this is not short-selling fueling this drop. I have been watching the MMs for RIG and CINN & PHLX for the past couple of weeks and the short sales are coded differently from outright sales. Looking at the block sizes, there is a big, consistent buyer at work. Everytime these block buys come on the tape, they lower the crap outta the ask to get the shares cheap (from the retail) to sell to the bidder. If you are seeing something different, please share.

 
RIG
29.83+0.34(+1.15%)Oct 31 4:00 PMEDT

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