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Baker Hughes Incorporated Message Board

  • stan_oli stan_oli Mar 7, 2012 9:45 AM Flag

    turn around today?

    Indicators have hit the bottom of the down turn. Hopefully levels off. Looking to re-enter. Watching for the 1030 bottom. Good luck to all.

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    • What do you think BHI trades into months end ? It seems like Q1 window dressing could have a significant effect.

    • This 6,000 options on the July 30 strike has my curiousity up. It may be a fluke. Two website show another 6,000 options traded today. BUT when I check scottrade, it only show 6000 interest, and no volume today.

      I predicted $49.50 as my target for today. It may hit it. It is going be hard to break through it though.

    • Should have said "February" expiration bonanza.

    • I've been holding a few of those April 52.50s for too long now. They are the tag end of some positions I'd held and sold for a tidy profit before the March expiration bonanza.

      I picked up some March 50s after you post today, stan. I won't let them burn a hole in my pocket.

      Great mystery about the $12 million guest. I'd guess there is a perfectly logical strategy behind their position, whatever it might be.


    • Is this the bottom? Your guess is as good as anyone. But we are getting a decent rise today which is a relief and the macroeconomic news could reverse the trend. Regardless I maintain that there is good value in BHI sub-50. Its a safe stock with a decent dividend which is more than can be said for many of its peers. I think the next quarter results will determine whether we decouple from US NG prices, since we also drill oil wells, and move beyond the 53/54 barrier. Also BHI is an international company and global rig count is on the increase. Poland today has given the go ahead for shale drilling. But there is still a lot of uncertainity from the US operations perspective - the incident last week with the guys given their marching orders (even before being given contracts) shows that the drillers cannot gauge how low US NG prices will go yet.

54.38+0.48(+0.88%)Sep 1 4:03 PMEDT