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Schlumberger Limited Message Board

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  • plashadpobedy plashadpobedy Dec 14, 2012 6:47 PM Flag

    SLB was $68 in 2006

    Next week, they will bait the did-buyers to come in, by moving it up for a couple of sessions, then bye-bye to $66. It's a bull trap till it finally bottoms.

    Sentiment: Sell

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    • I think you are probably right. No need to be a hero and try to catch a falling knife. Wait until consensus EPS stops falling and actually moves up for a month. OK, you won't get the absolute bottom doing it this way, but you won't be stuck in dead money for months / years either.

      If they had a dividend more than 1.6% you could get paid to wait it out. But at this poor dividend yield even that's not appealing.

      • 1 Reply to count_my_blessings
      • How is your logic measured? Ditch the industry leader because you feel the dividend is to low? An please forget the consensus that long term projection have this conservatively set in the mid 80s for 2013. I still am awed by the amount of ignorance that takes place because a great company tells it's investors truthfully the updates it was talking about in the conference call a couple months ago. Also if you go by analyst projections your basically ditching the idea of really any real research. By under 70 is still a bargain for this industry leader.

        Sentiment: Strong Buy

 
SLB
103.21-1.26(-1.21%)Sep 19 4:03 PMEDT

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