I am not sure if to add to my holdings or wait till after earning report. I am in for the long term been adding each month since Feb, might just sit tight and wait it out any suggestions on which way to go.
wait until after the divi ex-date to add
this entire sector is trashed, it won't go up fast ... we will be range-bound for several more months IMO
it does not matter what SDRL reports for earnings, look at what happened to RIG
Yes, you could say that RIG sold off after earnings because of their conference call when they reiterated the gloom-and-doom message of declining day-rates for non-high-spec rigs, and that this shouldn't affect SDRL (which focuses on newer high-spec rigs) but it does not matter because the stupid herd mentality of the average investors who pay too much attention to the analysts has taken over. Once a sector is out-of-favor like this, it can take 6 months even a year or more to recover. Just add when it is low end off the trading range and keep collecting the divi.