more pain here for longs- I tried to warn- Seadrill down 5 % so it could be worse I suppose. the 40's are coming soon- maybe before Friday- so much for the post about 60's coming easily --ouch !!
The well worn pattern is continuing and we will see 50 at this rate and possibly break thru into the 40's when this top heavy market corrects- shorts have killed it lately- glad somebody is benefitting from this price action- GLTA
I have guessed this could do this as RIG has done this many times before I would not be surprised to see 50 or 40's in a large market pullback. This stock has had large gains recently but underperforms on a regular basis. GLTA
While anything is possible to see 60 it would have to go up another 10% and it seems to have peaked at this level now for the last 3 days. The better earnings and the Ichan deal is helpful but RIG has burned many people before and also to be considered is the market at historic highs, how long do you think this honeymoon can last? I am day trading here but would wait for a large pullback before jumping in for any length of time. GLTA
While it certainly could hover around here I am uncomfortable being in at theses levels. If the court case was settled it would be a different story but am too wary after being stuck in here for a prolonged time
I bought in 51.88 and after holding for 6 months took this opportunity to get out. While the earnings were great and CC was apparently good I just don't trust RIG at these levels so am going to sit on the sidelines and just watch for awhile. I hope all traders the best in this stock but it has a history of bruising players so be careful.
Ichan isn't going to bail on this- he knows its priced right to make money tho its slowly rising. I don't get how 71 million were traded and it didn't go up more than it did. If eranings aren't as good as expected then it will give an excuse to dive again to low 40's- am keeping my fingers crossed
yes it is a dog- I am in @ 51 and will be glad to dump it and be done with it. I have held for 6 months now and am hoping we get a bounce from the earnings which I am confident will be good. I am concerned what might be said on con. call and would like to see this court case resolved soon- that would help
This is so depressing. The run-up always followed by the relentless selling and downgrades. We need to get over the 50 mark. Is that ever going to happen in our lifetime?
It never fails that some dumass has to come along and manipulate the price for their own benefit. But in this case it has been unnecessary because RIG is already trading 50% below what its fair market value is. If you haven't gotten in this when they are already giving it away then you are probably too stupid to trade anyway. My vent for what should have been a rally over 50 today :(
We have had higher volumes the last several days on better news and maybe short covering? I don't care as long as it keeps it up. Ther is no reason this shouldn't be @ 75 unless the huge backlog and the fact that this oilspill BS is going away means nothing