Action today is day trading, all based on the price of oil, if it goes up traders buy, down they short. It has little to do with SDRL's business oil rig leasing, right now it has a backlog of orders to rent its rigs. Tomorrow will be the day of reckoning
Sentiment: Strong Buy
It's all speculation. Traders are Wierd. It's a tight weekend with oil reports we'd and Thursday . If there's anything positive lining up you can't deny some upside potential.
Ugly Duckling to Swan as oil stabilizes? REALLY? Aren't they owned by Cramer and Co.? Either way, Cramer is making a lot of fuss about SDRL my guess is 1) He's short and wants it to tank, or 2) He wants retail to sell share cheap, or 3) He's just as freakin' confused as everyone else around and has a analytical "straddle" on SDRL so that no matter what happens, he'll appear half right!
Sorry folks but you've been played by the lying stinking cheating pumpers on this board. And still they are lying to you, miker and meggy-leggy are liars who profit at your expense...
Because it's been bullshit for the past month with shorts covering. Most obvious was a couple of weeks ago when this debt ridden stock shot up, while Atwood and other better positioned companies went red. It's completely bogus... The Analysts are telling it like it is.