Do realize that you have been on here almost daily for the past couple of months saying that? Why dont you get on here and say "its going down folks", then, for once, you will actually be right. LMAO
taken in consideration of the 2 holidays coming up, today is last day for tax selling, the rest of the year will be very little liquidation and buying activity by institutions.
I want to see you outdo the large sellers that will pressure this stock lower...pure entertainment.
go look on OCT 28, RIG traded 77 mil shares (it traded 39 mil on the day of the oil spill), 14 times normal volume. That was the heaviest volume day in RIGs history. What do you think that was about? Citi getting out. Run for the hills is exactly right. Looks like they are getting tanked up to drive RIG to under $40 again.
the reason for the pop was to get Citi out of the stock, now they downgrade it so they can rebuild a position. expect to see a gradual bleed out of PPS.
Looks like the game is set to get RIG to 2012 lows of $38. Hope yall realize the last POP was manufactured to get out the big positions (hence the heavy volume on the pop). It never fails, retails gets left holding the bag. Sad. Leaving my short on til $46 and will see what happens when it gets there.
The gap was not filled....that 46.33 was an INTRADAY move. Gaps are filled with CLOSING prices. To be exact, $46.20 gap needs to be filled. RIG is obedient that way. I have been trading it for years. I have come to know its 'behavior' and trade it accordingly. Since I have been trading, I have never made more $$ on any one stock as I have with RIG. Its a traders stock, not a holding stock. If you would have bought RIG in 2005, you would still be underwater it you would have held. Trade the equity with writing options and you can make a nice yearly income.
HCP is at 2+ yr lows. Next support is $27. Lets see if that holds, then we can talk about owning HCP. Until then, its a loser's game.
he also said the short FB at $43, do opposite of the big bad "D" and you will make a ton of $$$$$$$. If he is saying sell VLO, I am buying, here comes $55.
In SEPT, RIG gapped above $46 and filled the gap, in late OCT, RIG gapped above $46 and never filled the gap. I will guarantee you, RIG, at the very least, WILL fill the gap.
shorts covering with that low volume, when are you going to learn and get it right, you schmuck