It is why, in my opinion, it is wise to buy shares, while they are depressed
I suspect my bid for another 1000 @1.79 will go unfilled. I will not chase it up of course. Is $1.70 the bottom.... who knows. I am a buyer anywhere below $1.80. SDRL parent company has a 12.5% short ratio on a month to month basis. Daily: 2.0 put/call ratio for the day... with a 1.3 ratio for the past 30 days... shorter week for expiration this week. Here at the LP the numbers are not too dramatic with some covering already taking place. Daily at .1 is under the 30 day figure. GLTA!