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Hercules Offshore, Inc. Message Board

  • blackgoldgusher blackgoldgusher Jun 12, 2013 3:24 PM Flag

    OK .....You want good news????

    Hero is trading down for the last three days on very low volume. It is trying to bottom but the market is not helping. Usually Hero is down 2 or 3 times as much as other oil service companies on a percentage basis. Not today. Hero is showing strength. Don't be fooled into selling or not buying more here. The best is yet to come. As Mike points out the summer has not been good to Hero in the last few years but this year is different. We have not made new lows and better yet we have not even broke down out of the trading range. $weet !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Sentiment: Strong Buy

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    • @californication, how can we trade it with certainty when we peak at $7.5 and resisted to go down below $7 only briefly.... 50 cents you can time the high and low?

      Really, HERO is holding strong until yet another fleet report or news that some rigs got a contract signed, etc. will bring it low to $6 or high to $8 .... now it is at 7

      Sentiment: Hold

    • I'm still expecting a complete breakdown with a high volume capitulation day where the stock goes below the 200 day MA - in the low 6's. Why? Because that's what the stock always does.

      • 1 Reply to mike_dotcom
      • That was then this is now. Hero is not that company that was trying to hang on. It is now growing with a near monopoly in the gulf. It is growing revs and earnings. The summer problem is one of nature. The summer months (read hurricane season) expose Hero to more uncertainty. The market does not like uncertainty. After summer or even near summer's end expect a move to new highs permanently. It's tough to predict the exact time frame so stay long to experience it. $weet !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1

        Sentiment: Strong Buy

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