Looks like this POS will close under $46...and as for that 47.50 you are looking for next week, that will never happen, VZ the toilet bowl inhabitant will make sure of that. Sub $45 next week.
We could all be dead in 5 years, way too long to wait, LOL Trade it. I went short before the Earnings report.
Did a little numbers lookup. $38.21 is 3 yr low (DC 2011). Next low is ironically a 10 yr low ($38.11) It appears $32 is a strong 10Yr support. I would suspect that would be the absolute low? Anything lower would likely see mid $20s.
RIG, by far, will fall the most. This isnt shorting causing the fall, it is outright institutional selling. RIG is by far the most overvalued in the sector.
Last week -- "The stock still trades at premium valuation over its peers as market may underestimate the issues and thus the risk is to the downside. The company has a large exposure to pricing and downtime risks and its liquidity prospect is worrisome. Transocean's current price downtrend is likely to persist." EOM
The short interests only went up 1.2% from last month. Stands at about 7%. Negligible. Wait til it gets to about 30%, then buy for a bounce.
Never catch a falling knife, how much blood has RIG drained from investment accounts in the last 2-3 months alone? From $56 to $38.....
that was just RIG taking a big breath before it takes another deep dive...LOL, back in PLunge mode. This could go on indefinitely, even though RSI is at 26.8. Oversold, but oversold conditions could persist to extremes.
45.79 premarket, yep, you are sooooo right, VZ held 46.15....LMFAO, another RED day for Big RED. $44 then $42, then $38
sorry, I dont know how old you are, but back in the day, we used to always say rufus to someone doing something dumb or being clumsy. OK, you are not dumb, we are just on the the opposite side of the fence on the drillers. I see more downside. Wait til capitulation before buying IMO. I think the immediate downside from here is minimal, expect a bounce, then, its anybody's guess.
where did I insult you? I simply have the opposite opinion of yours, its going lots lower, the volume and institutions selling it should be an indication...11 MIL shares and still 90 min left
You are calling the Bottom??? Looks like it, or, its you feeble and clumsy attempt to daytrade a falling knife, good luck with that rufus.
its UP since you made your call? then you would have had to make in in DEC 2011, because it was $38 then. You are WRONG now, and will be MORE wrong in the next 12 months....because....its going MUCH lower. See YOU at $28.
WRONG. You said the same thing in JAN after it dropped from $55. The time to buy is when it begins to rise, that will be at $28 or so.