Ocean Rig UDW Inc. (ORIG)

[Lone Wolf]

Correct...same CEO...very shrewd. Tons of shorts and hedgies in on this one too...they're about to start covering as this is moving days before we even get to earnings...I'm betting their 'doubling down' is ending and the covering is beginning...thus the volume and this magnificent close.

Now...the ORIG story. This was running strong right up to their last earnings release. ORIG actually blew past consensus with something like $2+/ share. Then came the 'head shaker'. The CEO himself suggesting ORIG would need to declare BK if there's no turn-around in 2020. Everyone was like 'wtf'...did he just talk his own stock down?'...yes he did...just like with DRYS...to pressure the creditors as he re-worked the debt both companies was carrying.

This fella is shrewd...don't let pps fool ya...if they had enough $ to buy back $40mil worth of their shares from DRYS in April, they are not worried about any BK...Georgie know this, but the shorts only heard 'BK'...

That's the long and the short of it!