Someone must have been making a big bet yesterday on PES- all other stocks in field way down, but us(with no apparent new's to move the stock). NBR is one of the worst run companies in the segment, so no big surprise with there earnings outlook yesterday(although not what you want to hear). Today, after Bernake's comments yesterday, all will shine brightly!
Hopefully, China will open up the stimulus faucet soon and that will give us the push we need to much higher evaluations.
glut. I thought of selling more Jan $7.50 calls for $0.75 today and buying equal shares to cover them. I still hold 6k s 2k optioned out as mentioned. sold recently my trading shares. So far PES has been one of my best stocks to trade or hold the past year and possibly since 1973 when I started this.
Only if they paid a dividend I would pile on.