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Nabors Industries Ltd. Message Board

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  • buycheapstocks buycheapstocks Oct 28, 2006 1:01 PM Flag

    50 day MA

    THE held its ground yesterday very well and did not breach its 50 day MA. I think it will go up in anticipation of earning. after that all depends on earning and guidance. I think earning will be fine. their earning has come down almost 20% and they have bought 4.7 mil shares during the quarter at $36 area.

    I also think THE is the cheapest in offshore drillers and I doubled down in $31 area. I also think it is the best buyout candidate. it has a low market cap almost no debt and a CEO thay has already sold 2 other company before joining THE.

    good luck.

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10.38+0.11(+1.07%)Nov 25 4:04 PMEST