Both shorts and longs are skeptical. Short has been winning for the last 4 days. But I would be extremely careful going forward. Institutional investors like to confuse people and not using their trade because they know the value of this stock and going forward. It is the retailers playing based on the sector performance. I would be extremely careful.
You already know that. Why don you short the stock and become a bag holder? We just keep almost 1B dollar cash ay hand. lol! I know what you trying to get is to get the short involved so that you can profit more.
The company owns and operates 13 offshore ultra deepwater drilling units, comprising of 2 ultra deepwater semisubmersible drilling rigs and 11 ultra deepwater drillships, 1 of which is scheduled to be delivered to the Company during 2016, 1 of which is scheduled to be delivered during 2018 and 1 of which is scheduled to be delivered during 2019.
If the oil price stay in the sideline and started to go up this stock is good as Gold. Also consider profit taking and short selling at the same time along the way.
I am excited to find out the earning report that should be announced any time Today. Investors will mark their calendars when Ocean Rig UDW Inc. (NASDAQ:ORIG) is scheduled to report earnings on or around 2015-11-11 for the current fiscal quarter, which will close on 2015-09-30.
Earning is much better than analyst expected.
Ready all the news and check the target prices. WHY?
There are very few companies that we know of as of Today in the oil drilling industry that has no debt and cash on hand.
You are too early to make this statement. ORIG is a stand out stock from rest of the oil drilling stocks. Today, unfortunately the oil price went down. This a volatile market. Oil price manipulation is temporary and companies all over the world even OPEC countries cannot let oil to go down anymore. The main reason for oil to go down us getting market share. The whole world runs on oil. Soon or later, no oil producing countries will want to sell all their oil at cheap price because it will hurt them in the long run. As I mentioned later that short is also a good idea for this stock but it will be day to day thing. Stock is looking into going up. If you see today the stats shot interest went down tremendously. The stock is lower than now and lots of buy s happened today as well. Before you make any statements please look at the stats and company history. One of the reason that DRYS is still surviving because they have over 75% share of ORIG. Tell me why they would have such a big share of a company and holding it to their arsenal. Obviously, it will be a good idea for DRYS to agree on a bouyout deal for ORIG. Very few companies have advanced oil drilling ships and ORIG is one of them. Temporary stock price ups and downs are part of the stock market. What matters you have the appetite to stay long.
The article was 7 pages long. Plus they did mention the right stuff. They said the stock may go either directions with facts and figure. If the oil price stays moderate and slow upward, the stock price will go high. 1 year target price is huge. Never saw something like this before at where several analysis mentioned about it.
Game played well.
Seems to be it is destined to short the short,
There are many articles and many investing firms are covering the company. Do you know if there is any buyout rumors or news. When I look at the book value it is a awesome stock. Look at the P/E ratio.
Warning! Keep watching!
I think short interest will decrease and and longs will jump in Today for long run. The stock is 1/10 of the book value and lots of cash on hand.
See the board and many people are talking about it. stock is 1/10 of book value who does not want a company like this? It all make sense.
Watching this stock very closely. If it goes over 2.25 Today, it is long.