It trended down all day and closed at the low. It seems that "they" knew something bad was out there. Now it's bounced off a low and seems to be trending up intraday. Probably will end the day in roughly the same place it ended the day of earnings in November. This time though, GE is going to be at NY in investor conferences. I have nothing but tea leaves but trying to read them . .. . might think this isn't going to be as bad as last time.
In November we knew that Q4 would be a mess (tankers/bulkers and esp. as relates to ORIG down time). What counts today I'm thinking is capex mngmt and getting ORIG going full steam in 2H. If there's some clarity then I don't even know if the #$%$ Q4 numbers will bring it down. I won't be surprised with 1.50 or 2.50 pps. tomorrow. Not trading it but holding a large core position and stilllllllll waiting patiently for 2014.