Simply time to cover.
Oil down again and the stock hasn't moved so the shorts see it as time to get out and move on to something else....good opp to short high flyers as they will be sold to buy Alibaba.....
Most of the bad news already baked in here, might get a couple more good chances to buy with next fleet report and earnings...
Complete and total nonsense.
The only pattern there is one that points to HERO going to ZERO.
The downward trend is clearly in place, there is absolutely nothing else to see in the chart.
Get a grip and stop making stuff up. The pattern has us going to 8!!?? Huh, are you holding the chart upside down?
Yes, I saw a bunch of those shorts at Stone Street Tavern toasting HERO and all the money they made selling the stock day after day after day for 2 years now. They are sitting there in the corner celebrating!!
They are a mid tier player with the oldest bunch of rust in the industry except for 3-4 rigs. If they are lucky, someone will take mercy and buy them for $5 but it is more likely they will just continue to cold stack and sell off rigs to make debt payments and eventually go broke. If you want a world class operator with the latest and best check out SDRL which has the most modern fleet buy also a mountain of debt.
Not really, I almost bought more right before the close because the stock is undervalued.
It is still undervalued even today.
A takeover would not surprise me in the least.
Sentiment: Strong Buy
So you own 3 losers which are all in the red, again, today with RIG down another 2.25% today!!
Just when you thought things couldn't get worse.
Look at the October 4 HERO call options, no one thinks this stock will be at $4 much less $4.50 by then.
That contract hasn't even traded today and the bid is 0.00
I sold 600 of them just a week or so back for 6 and 7 cents.
We will see $2 range soon.
The wishful thinking on this board is sad and comical at the same time.
Stock is going under $3 and nothing will stop it.
He's short the stock, ignore him. Agree with your points.
Every quarter is a repeat of the past with slight improvements, margins were improved and a bright spot.
Company continues to execute well....
Should be back over $10 soon.