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Transocean Ltd. Message Board

  • pgpgo pgpgo Dec 19, 2011 2:23 PM Flag

    thought 60 was the bottom and

    bought all the way down....this price is un-real.....who would have guessed?.....what are other longs doing? margin so want out of some shares but now can not see selling covered calls....but where is the bottom?...have they stopped drilling?.....guess aker was a bad buy at a bad time......also why do bashers love to bash?.....of course I love to watch a short get fried.......same old same least tax selling cannot last much longer......time for a moral pop at least.....

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    • Everyone has been there and done that routine.

      Lesson to be learned, if one has dug themselves deeper and deeper in a hole to no avail, the first thing to do is.............Stop Digging!

      There will be a bottom but it's anyone's guess with all the macro issues, let alone the legal issues in front of RIG.

      If there is rather positive outcomes or even a resolution not in total collapse, RIG can pop up just as fast and regain share price with positive momentum.

      Patience is needed, cheap can be a relative term...... if only based on your previous purchase price, really of no value. Give it time, RIG will come back.

    • Looks like tax selling and the very recent Russian Oil Rig disaster, plus the weakness in the Market is taking its toll. Bought recently in the upper 42s. Will dollar cost average down if it hit 35 and change.

    • It has been a rough ride, that is for sure. I'm about ready to throw in the towel on this stock.

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