End of Oct. BHI will be trading at $45.50 BHI should be back above $43 this week then taking the rest of the month to get to my price target. As we approach near the deal date in late Sept. don't be surprised if you see BHI surge past $50.
One week ago I had a price target at the end of Oct. at $45.50. The problem now is we broke decisively through $45.50 this morning. The oil services sector is hot right now and if this continues over the next 3 weeks I am afraid I will need to revise that price target to $50.50.
NJScorpio aren't you glad you need write those calls for a few dollars in income? Sammy
Well, I was a little early on my price target. Crude had a little jump higher to 85, I thought 75 would hold. The dollar finally bottomed, which should put pressure on crude, gold and the general market.
Does anyone know if BHI made their numbers for the 3rd Q.? Work was slow in the oil patch during that period. But, picking up now.