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Nabors Industries Ltd. Message Board

  • hugebearfandude hugebearfandude Nov 17, 2006 4:20 PM Flag

    WOW! This is interesting

    the volumes on the oih yesterday when we were down $5 and over 3% and today when we are up $1 and under 1% ARE THE SAME.

    Wouldnt that mean that even with the rise today you could make the case that this was a very bearish day?

    and with the gap down, you didnt make up much ground on yesterday's loss

    vewy vewy intewesting . . .

    plus the massive put to call imbalance on the oih . . .

    bet against the trend?

    oih has been in the strongest uptrend the last month than it has been in the past 7 months . . .

    is it a sentiment change? or back down to a trading range?

    personally, I need it to drop hard and fast to get my DO puts to break even, then shoot up for my nbr calls (although I bought March on those)

    have a great weekend! (although with the kids "weekend" really means "harder work than at work" for me"

    DJ, if ya have the time, take a look at DRQ in terms of covered calls for Dec, which one, why, and if it doesnt seem like a smart choice, which oih company would be a better one?

    I like drq due to its great premium on the $40 and I love the company as a tradeable vehicle.

    Go Bears! (as in Chicago)

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