related to offshore drillers? they say sell, it''s a bad story, but it goes up...then they say it may not be so bad, let the story float for a week, and then they go back to the same old song and dance
and some people say the markets aren't rigged. Lots of news articles scaring investors so these people can buy, Many are shorting also to drive the stocks down. Very hard not to panic when It is your retirement at stake and the government has taken away the option of getting a return in the bank.
This is nothing new for those guys. They knocked it down on a scare, they were then looking foolish after I called the bottom at $33 and the stock started rising. I can't complain in the end since they did make me more money. Now they see a firming up of rates by 2016 and possible sideways action until then. Yet think about it SDRL will pay at least $4 a year. I say at least since we still might get special dividends. That pretty much crushes even Greek bonds.