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Transocean Ltd. Message Board

  • suckersrally suckersrally Dec 16, 2011 6:45 PM Flag

    RIG is a falling knife

    Everyone who has tried to catch the RIG knife thinking they were getting a bargain has lost money. RIG keeps making ower lows and lower highs and that is a sign of a downtrend.

    When Europe gets downgraded and the market dives this will be much lower.

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    • give it up. You're wayyyyy to late to the party. The momentum is about to turn the other way chump. On second thought, short some more and enjoy the fruits of it!

      • 2 Replies to goskiing99
      • goskiing, do you realize how many fools like you have made those very same statements before you? People said what you say at $50, $45, $40, and now you think you are the genius to call the bottom? I doubt it.

      • Fact is, RIG is making NEW MULTI YEAR LOWS at a time the energy sector is doing much better than the market. There are NO energy companies even near their 52 weeks lows, much less 8 year lows. This stock is performing in a way that is as bad as it gets.

        Everytime RIG gets a downgrade or drops a few bucks in a week, the cheerleaders are out saying RIG has reached bottom. Some of their favorites: "downgrade = buy signal" or "this price is too cheap" or "big boys are buying" or "when everyone is selling, you should be buying" or "double bottom" or "triple bottom" or the ever popular, " momentum is about to turn the other way". Hows about this one: RIG longs = bagholders??

        RIG is done. It is purely a trading vehicle and no longer an investment.

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