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Baker Hughes Incorporated Message Board

  • njscorpio10 njscorpio10 Dec 2, 2009 11:41 AM Flag

    Sammy, wtf is up with BHI


    BHI has been the worst performing stock in my portfolio over the past several months. What's going on here?

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    • Why are messing with this stock? These guys are laggers. Go with the leaders as HAL, SLB and WFT.

      • 1 Reply to incacity2006
      • Laggers you say compared to the others? Take a look below and you will see the best of the lot was SLB followed by BHI in 2nd place. Below are the current losses from the 52 week highs:

        SLB -13%
        BHI -18%
        HAL -20%
        WFT -29%

        The whole oil services sector has been knocked down off its recent highs. They will claw back once the economy picks up some steam and the weather gets colder. It is summer like in the Northeast as attested by Scorpio walking around in a tee shirt and sandals.

        Remember, once the Arctic air blows downward onto the states, a cold snap will ensue and send energy prices upward. And the employment report coming out tomorrow could very well do the same.

    • p.s. if the econ picks up and the weather is not as cold, i think the stock still move higher because the econ is long term trend, the weather is a 3 months time trend.

      so I am not too enthusiastic about the econ. Thus, I am "hoping" that the cold weather will provide short term volatilities for trading opportunities.

    • Weak demand for oil and oil products along with NG hitting fresh new lows. Longer-term demand will come once the economy shows signs of picking up steam. We could see some short-term demand if frigid weather sets in.

      For now, be sure to use a mental stop to protect your investment.

51.65+0.42(+0.82%)Aug 25 4:01 PMEDT