Just because someone upgrade it. Will SDRL turns around later today? It should not drop much with Oil or the Market as they rarely bring up SDRL in recent weeks.
Just as long as the CEO gives up his power or shares holders fire him.
stock might not move with common sense. They can drive it ridiculously low to low up with their own money before buying it back with their funds.
Stocks should not be be trading much below their book value. Yes, Sdrl is trading near half of its book value. Down 30% this quarter just on ANAlysts comments, which usually mean the opposite.
$60 is a break even zone for drillers. But ANAlysts could shake you out first before saying good about it again -- 'Sell" mean 'sell to them dirt cheap"
Tomorrow might be a different story.
leaving Grpn deep in red for Twtr's problem.
That is why they dare to do it, further, they use friend/relative names for the account.
find them with Short positions. I thought the target was $12.50, but $12 more likely now. After that, reporting will be the real thing instead of speculation It lost $25% on speculation, if anthing other than the assumed state of terrible terrible terrible...
Corrections: $16s 6weeks ago.
Does it even amke sense or ANAlysts shake you out and steal your shares dirt cheap? It ws $16s 3 months ago, and $21s 4+ months ago, and Crude Oil is higher. If ANAlysts are both smart and honest, they should have said "Sell" above high teens!
CEO and Icahn look like dummies now! But, are they dummies？？？
compared to down 0.03 near Open, now down 10x that. Making sense?
This POS drops from $21s this year.
Pretty much same sector.
I am buying China Solar Jaso -- CEO offer take private but the market only halfly-believed -- still a 8% to earn even if no better offers.