Dose anyone have a clue as to the rally today. It looked like the whole segment was going down with Hliburton's miss today. It quickly changed course(I sold out briefly when PDS dropped to 8.10 early(I thought it was about to join the others -which were in the red), only to see it quickly jump up to 8.20(when I jumped back in). Why PDS today? Why all up in the wake of Haliburtons miss? I'm thinking it is the belief that the US is getting stronger and that the rest of the world is turning the corner(especially if Spain put's out it#$%$). I'm thinking we can be at the cusp of a good run. Of course, China could spoil the party tomorrow-but let's enjoy today's warm glow.
funny thing is, it didn't even hit 8.10 today...are you talking about 8.10 yesterday? doesn't really matter just cost average if it falls, why sell when earnings are coming up? Their earnings are looking to be positive, which will send us flying to at least 9, (I hope). Remember they had an extended credit line as well earlier a few months ago, things just look positive at the moment. I say buy, and wait till earnings and see what happens. Set a stop loss before earnings though!!