Trading was really slow early today and it looked like we might make nice run then all of a sudden we are up to almost half the daily volume and we are hung at $4.34. I really wish I knew who jumped in. Maybe the shorts are busy.
Most of the time analyst news is old news when it comes to the price of a stock. Oil will tell us how to trade.
Just scrolling down the topics and I could not find one topic that i could say was posted by someone that owned this or any other stock. If you own Nabors, please post something about it so that I will ignore all the rest.
It looks strange seeing it as a dollar plus now with new money. What did it take 20:1?
After looking at the last two number of shares shorted, I agree, the shorts are doing their thing. Over 10,000,000 shares shorted the two reports. The new numbers for March should tell us something.
I agree for no reason she hung tough closing each day close to where it started when others were taking a beating. Oil seems to be retreating so maybe that will be the catalyst we need.