Mike, did you conveniently forget to mention that Hercules Triumph is also going out soon at $214-216k per day! Or how about Hercules 208 at $113, to $115k per day plus a mobilization fee of $6 million! There are some domestic deals as well.
and higher we will go, to $5 for options expiration on Friday!
Firecaptain, perfect analysis! I noticed the last trade and believe you are right. Shorty is getting desperate as he knows what happens when it goes over $5.
It is up in After hours and the bid is even higher than the close which means we will keep rising!
This stock is cheap and it will retrace a big part of the recent decline as it is already starting to do. Expect a gap up day very soon.
Feb 22 is options expiration date and according to the analysis I am seeing, HERO will trade at about $5 by this Friday.
Good luck Mike
Once it is over $5, the 50 day moving average will be in sight and the stock will head to $5.60.
Plus, it was just announced that an insider bought another 50k shares!
I will be happy to sell you back these shares at much higher levels in the future!
Sentiment: Strong Buy