Even with bad earnings its not like they have a $4 billion charge or write-off here.Give me a break.
another bargain day.
Guys, they missed by a mile, they should sell off more.
Thats why it will likely retest the low $40s again. S&P is putting in the right shoulder of a head and shoulders formation. If that plays out, the market is in a a serious downturn. GL
agreed way way oversold !!! it will recover somewhat tomorrow
Days like today, are pure momentum down days, always over done. Just the opposite of the up ones when we go too high.RIG is a leader, poised for better days, far from over. Dust will settle, hedge shorts will cover and go long for another run up.
End up being a 20 percent haircut for the miss, they cannot exit fast enough on the momentum down, as if it is worthless.Crazy thing, this is actually trading worse than the well accident.
Way oversold IMO.
In theory you are right but just because a stock is oversold doesn't mean it can't be more oversold.
Anardako (APC) missed as well.They are doing fine now.This Issue with Rig is momentary.This company is poised for long term growth