Well, we knew the pattern, pop up, and drop to 10:20 and then work back up.
OUCH! - broke the mold today. down hard. Similar to week before option expirations last month. Same here, they are cashing out on options sold. Knew it was coming, but wow! Did not think it was coming all at once. Hope the bleeding stops soon.
Agree, BHI is out of love of the street. They see no interest. Something has to spark their interest to attract them. SLB will be at $90 before BHI gets to $53. So get in the game and play the .50 ups and downs on the options. If you got stock sell options. Otherwise, gave some mar $50, $49, or $48, ($48 my favorite, getting expensive though) take the .50-.75 pop and look for re-entry. Don't see any large increase in stock price in near future. Will cycle between 50 and 52.50 indefinitely.
Ouch, gone for another slump. Its getting frustrating for us with the Dow at multi-year highs and we are barely off 52 week lows. If you bought in the 40s then great, but for the rest of us who thought the 50s were a bargain then this is painful to watch. I believe that BHI mgmt has to do something to spark the share price recovery, otherwise the hedgies and billionaires are just not interested. The partnership wit XOM is a start but we need more news like the Iraq drilling deal. We are really languishing compared to peers with the 3 month returns on the service players as SLB +5%, Hal -2% and BHI -10%....
SLB is a poster child for success, love that chart. I typically have BHI/HAL/SLB up at same time to watch the trends and detect exit points. SLB always does better. Back in with march calls, couple at the fake bottom and couple at the real bottom today. BHI is in the clutch right now, it can break out, or does what it typically does, die out. I am hoping for a break out, just don't see the motivation anywhere that can send it upwards outside another middle east situation.