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Noble Corp. Message Board

  • headturner_pompanobeach headturner_pompanobeach Dec 18, 2012 5:17 PM Flag

    Hey Chute....

    Talk to me Sweet Baby....Talk to me ;))
    Holding 3500 sh @ 35.28

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    • Hey PG,

      I actually sold all of my NE today. Of course I'm not sure that was the right decision, but here is my thinking. The market in general has been rallying on the idea that the Dems and Republicans will come to some kind of agreement on the fiscal cliff either late in December, or in early January. So the market has been front-running the news. Therefore, when they do announce an agreement, I think the market will sell the news. NE has been getting a boost from the market rally, but if they "sell the news" on the fiscal cliff agreement, I think it will sell off with the market. Even if it doesn't, December is usually not a strong month for it, so I'm guessing that it doesn't have a whole lot of rally left in it from these prices. Not sure of course, but that's my bet. The market closed strongly today, so maybe we just continue on up with a Santa Claus rally. I also think from the latest fleet status report as per Pismire's posts that NE may not report a very good quarter in late January, so I'm thinking at some point over the next month and a half that I'll be able to buy NE on a dip. Either a market dip that takes NE with it, or a dip from people being cautious ahead of or on the earnings report. So that's my thinking. You might want to sell some and keep some, I was possibly too hasty in selling all....I get like that (as you know...haha) Best to you, ♥ Chute

 
NE
15.94-0.70(-4.21%)Mar 2 4:01 PMEST

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