I bought a little Seadrill (at a buck or so too high). I may buy a little more TC at $2.55
I sold them and some I bought at $2.75 for a loss at $2.73. I rolled the money into Endocyte (a bio) and made a couple bucks a share on 3000 shares in about 4 days. I posted about this back when I did the trade if you were paying attention.
Perron announces plan to reduce annual payment for vending machine services in Mount Milligan break room. For only 14,000,000 shares they can save $200 a year on service costs.
It might but I thought it would linger around $33. Had I bought $33 puts and shares then, I would already have made around 5% return.
Break even at $29 and $32, moderate loss if it stays at $30,$31.
I think it is going to move one way or the other.
Everyone believes only the oil drillers will be hurt if we go to war with Russia.
Everyone knows we are not going to war with Russia.
That stupid. Shorting from 37-40, your max profit is only going to be a few tens of percent. Also it would be nice if we could all go back in time and short from 37-40. Buying $25 puts for pennies and making $10 each on them since you are so convinced of $15 price would be smart!
It is almost impossible to pick the bottom. Very few were able to nab Seadrill at $25 in 2011 but it paid off nicely for them.
Well if you paired it 2 to 1 with the stock, then you have good downside protection and still net something on the dividend. If the dividend does look like it is going to get cut, you would profit on the puts immensely.
buy a put for $0.45, sell it for $1.50 when Seadrill drops to $28.50, 200%+ profit.
200% profit anyone?
Oh the horror, Seadrill is declared a Russian owned company and we have to sell at a loss, making it that much harder to buy radiation suits and Geiger counters.
War with Russia changes everything. Oil will spike to $150 and they can renegotiate contracts in other areas.
Suggest you wait while I buy.
Will update after lunch when I finish my chicken and roll the bones.
$16 would represent about a 50% loss from current levels. If they maintain the dividend throughout 2016 and the stock falls near term to $16, it would pay for itself in four quarters.