Update on entry price? I would say 69.76 to 69.00. IF it drop below $69, then it will no longer consider bullish fro RD. IF investor unload RD due to earnings negative reaction could push RD down to $66. Just my opinion.
I believe any reasonably thinking person got out when the Company indicated that things were looking very poor for the next announcement (however, this is RDS/A we're talking about). The Big Box buyers went in and scooped up some profit but will likely unload before Jan. 30th. We're on unstable ground in most areas of investment and I too believe Ray's mention of 66.00 is likely if we see a drop below 68-69. I don't wish for the stock to go down but I am hungry for a decent entry point. We're all ready to pull out a ton of dry powder. JMHO....
Shell-B did $65-$75 all year long....profit warning......and a UN report saying to get out of carbon companies on climate change because 2/3 of oil....gas...coal need to remain underground to slow climate change???
Sentiment: Strong Sell
WOW, the day is young and Yahoo shows already more trading than the daily average for RDS, it's a wonder it's not down more than it is so far. With the bad news of maybe a bad 4th quarter and the news of cost cutting and a new direction that could pay off in time, it's hard not to try to not get left too far behind.
Today is not over so we'll see. Best to all.