Sold Out - Done with this madness. Now need to find something that goes up once in a while instead of always down. Now that I am out I am sure it will rise.
Now I'm down 30%. Insider buying - Huge Divi - If it keeps dropping it will take a 70 to 100% gain to get back to break even. Common sense tells me to cut losses and sell. When will this reverse course and start back up.
I bought at 43 and it may hit my stop loss on Monday. If market corrects I am concerned that this will fall much further as will all stocks.
I burn about 7 ton of Anthracite Coal a year to heat my home.. It is much cleaner than wood or oil, and about half the price. Coal will not be going away anytime soon. Buy BTU -- a double in two years.
You are not alone. I thought it a bargain at $13. It is not alone - look at VALE - MT - etc. Patience will bring the sector around.
Just a few months ago articles mentioned that SDRL was in a better position than most drillers because they had a modern fleet. What has happened in six months??? Someone mentions to do more research when buying a stock!!! I did my research three years ago and bought this stock because of all the positive recommendations. Did not sell because they had the best fleet -- now possible BK. Cash under the bed is only option in this rigged market.