I got out at $3.905, but I'm cheering for the longs here. Looks like you've found some support at the $3.60 mark should the CEO trip over his words today.
It is only -22 now. You are bailing too soon.
There is a Mersk contract coming up in 2015 through 2016.
The CEO has been in the offshore drilling business for nearly 30 years, and he engaged in insider-buying. There will be an eventual gain.
So has "eventual" arrived yet? Still glad I bailed at 3.90. I'm cheering for you longs out there, but it doesn't look pretty.
"Eventual" may come some day. I'm interested in making money now. I'll come back if these guys get promising in the near future.