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Superior Energy Services, Inc. Message Board

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  • jinxie0001 jinxie0001 Oct 15, 2007 4:49 PM Flag

    CHARTS NEVER LIE- SPN breaking down

    the only thing hard is your head.

    SPN outperformed the OIH and OSX by 2 and 3 fold, respectively, today, on above-average volume, and it broke back above the downtrend line. in fact, it was the highest

    there is no meaningful resistance until $35.93, the 200 day SMA. just wait until that RSI crosses 50, which should happen reasonably soon.

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    • my CLB position was up 3% today.

      I think you forgot to mention that while you were saying that OIH underperformed SPN today ;)

      My longs are making heavy duty $$$$ and SPN short is hedging nicely.

      • 1 Reply to coldwintergas
      • easy enough to say that you own something, after it goes up 4%. and based on how much SPN you claim to own, i can only assume you owe about 50 or so shares of CLB. big f'ing deal. you're a small potatoes school child, investing your lunch money.

        as for my point about OIH and OSX, it was to demonstrate that SPN out performed the indicies today by a significant margin. that kind of divergence means a lot, at this juncture.

        you better letter to read more than trendlines on a chart, kiddo.

 
SPN
31.63+0.06(+0.19%)Apr 16 4:04 PMEDT

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