Missed that momentary dip into $15.40 but got a heck of a deal -- started a new core position and anymore more sub $16 moments will be met with further investment -- looking forward to a great quarter -- even with the decline in nat gas and oil prices since last quarter --
It is looking to be oversold right now. I'm adding incrementally on down days, like today (and there have been plenty of them lately). Technically, by definition, it doesn't look great but, I use technicals for context only in my decisions. It is causing my adds to be incrementally smaller but, not keeping me from adding.
Last (latest ) add was yesterday just before the close. I have been adding in 500 share increments and now have 5,000 shares. Today was a good day. China believes their economy has bottomed here. If so, Brent crude likely has bottomed and HLX could have put in an intermediate term bottom.
If OPEC would reduce supply going forward, I believe we'll have put in a bottom in Oil prices for the foreseeable future...If they do NOT change anything, we could see Oil fall another $5-10 easily...I cannot believe this company will earn over $2EPS'12 and closer to $3 in '13 and the stock keeps dropping like a lead balloon...the beauty of index funds........