do NOT SELL YOUR SHARES OF NBR!!! i have seen this many times when they..
preannounce and then their earnings reports, the stock will soar past when they mentioned this news..ridiculous. insiders are buying the stock so why the sell off. just a bunch of noise!!! hold your shares and don't let them take them away from you.. S&P has $19. target on NBR. a takeover candidate as well
I'm a new buyer of the stock and clearly have seen some volatility the last couple of months .... this news seems bad, though, and it appears that NBR is worse off than their competitors. Why would they pre-announce a miss only to beat it? Doesn't make sense to me. If anyone can shed some light, it would be much appreciated. Please - substantive responses only. So many times these message boards are taken over by inane comments.
"Sell now and buy back later " is the slogan here. It costs me only $5. The chances are you will get plenty of opportunities later & in other places as well. Buy and hold made sense when commissions were much much higher...... An alternate view from another little guy who is at the mercy of Giant Corpoartions, Market Makers and Institutional Traders. Good luck
The disturbing thing about the announcement is not that they are missing Q2 numbers, but the fact that they see year end weakness. Things were supposed to be getting better after Q2. That pre-announcement throws doubt over some kind of recovery after Q2 as well. This is clearly the worst of breed in oilfield services. Things are bad for everybody right now, but nowhere near as bad as it is for NBR. I sold at 15.40 today. I should have sold months ago at 18. I will only buy back if Petrello is fired -- and the board completely replaced. The company is worth well over $20 if it is run by competent non-thieves, but that is not the case today or the foreseeable future.