Thu, Jul 10, 2014, 6:58 AM EDT - U.S. Markets open in 2 hrs 32 mins


% | $
Quotes you view appear here for quick access.

Transocean Ltd. Message Board

  • buythelows buythelows Nov 29, 2011 11:58 PM Flag

    Here is why RIG is going below $40

    They announced tonite that the offering was even weaker than most expected only $40.50 per share. That means about 26 million new shares floating around that were bought by investors who thought they were buying at a discount. But now the stock is trading at that price after hours and will surely dip lower tomorrow. Many of the 26 million new shares were bought by people who tought they could flip them quickly for a small profit, but when they see there is no profit they will be dumping them to get out before others sell and that means the stock drops below $40.

    It will be lucky to hold $36 in the coming days. Buying early to try to get a bargain has resulted in losses for many investors today. Smart investors know the bottom is lower and to be patient.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
43.82-0.86(-1.96%)Jul 9 4:02 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Gigamon Inc.
NYSEWed, Jul 9, 2014 4:04 PM EDT
Alaska Air Group, Inc.
NYSEWed, Jul 9, 2014 4:02 PM EDT