Last time they did this it went to $47, yet $47 then is equal $70-$75 dollars now. People do not realize that the dollar has cratered already in the last few years, and the inflation we see as consumers is not what's reported. I guess we will see.
What are you not seeing. The revenue snafu from last quarter has been rectified, and even though YOY was about the only miss, there will not be another YOY miss. This quarter will be stellar one. Next place is 200 DMA @ $22.50. Explain to me what you are seeing???
If we did, I bet this over kill would on stock prices would not happen. Its very expensive to build refineries.
If you can break through $15.80, next train stop is the 200DMA of $22.50
Shoe-limberger and Hally-burton should move on these fleamarket prices...Take your pick GTE, PKD, PES, SN, and larger off shore guts like RIG are trading at 40-60% discount, if not more.
In 5 years, its range has been 4 cents to $1.24. It only trades 11K shares on average daily. If they had a break through product I think the volume would be MUCH higher along with the stock!!!...Looks more like a P&D to me???
I have to give it to "Longs" for sticking in there. We know Europe and Japan is a mess, and China slowing. They will never make there low end of guidance. Big $$$ knows it and is probably all in short at $1200. Maybe a little below that.
Is something going on here that I cannot see. For RIG to even enter the 20's is insane. Something else is going on. Did they find out there liability portion for the Gulf Spill worse than expected?...$75-$80 oil cannot be.
Should run past $20, especially with a 3.61 PE. If its PE was just half the market average stock would be $30+
Even though RIMM had a ton of cash and the best security in there phones, Wall Street tyrants continued to bring it down. Since 2008, this market has been brutal to stocks that lose favor with Wall Street. I have never seen shorts hold on this long. Even now BBRY(RIMM) is having problems treading water. The waters have calmed and its getting its name back. The question is??? How long will King have to go through showing Wall Street they are back!!!
This market is insane... In only two weeks its back at record levels again. Everyone with a brain knows things are slowing or flat at best. Europe is a mess and China is also slowing. How can this market continue higher without QE and knowing that Europe is slowing...BIG TIME!!!
Its crazy isn't it. I cannot believe the shape we are realistically in. I have not seen an economist on CNBC in quite a while, because most of them know how bad it really is. When they do have someone, they attack them.
People are making $$$ in the market (on paper), but they have no idea that the figures on paper mean nothing because the market got to these high figures with borrowed money!!! The market is (NOT) at all time highs because of their dollar cost averaging, but easy $$$ they borrowed from the FED. When the market does adjust, most people think it will be 20-40% like in the past, but it will be MUCH MUCH worse next time.