dont believe a word of the downgrade...pure manipulation...holding onto my 1000 shares at 44.95...long on RIG...
He recommends buying HAL & SLB even though they have had an incredible run. RIG may not go anywhere for a while, but at least you are being paid a healthy dividend to wait it out until it does. The downside risk here seems minimal, goo luck.
Someone needs to cover the shorts that increased 30% in this period. You can check at short squeeze site.
RIG: Short Interest: 9,444,990 (29.32%) - Days to Cover: 3.62