If RIG's price is tied to the commodity price of oil, then explain why RIG was trading at $112 in Jan 2009 when oil was at $36?
Also by the longs too, donaldhump has been pumping and cheering RIG since the $50s and now, he sells, other longs WILL follow.........
If GS is shorting this, the longs need to move outta the way....it will go to $29...they are shorting from $40, they want at least a 15-20% profit.
SELL all shares to the resident BAGHOLDERS...LMAO....shorting another 450 shares to $35 this go-round
no real impact? RIG is down almost $1.50 in 3 days. and is threatening a fresh 10 year low. no, no real impact at all...LMAO, except to your investment. more and more , each week, you are worth LESS see ya at $28.
you can buy SDRL for about the same price and the yield is 4% higher with newer rigs and far better management to boot. SELL RIG, buy SDRL!!
why would VZ want a rotting, decaying pile of dung? When they announce BK, and they will, it will be worth and eventually trade at .0001
Seeking Alpha is one of the most non-credible, irrelevant sources of market information on the internet. Motley Fools would be a close runner-up
Out of favor for the moment? try for the next several years. All those cheerleaders and pumping fools who relentless pump this big stinking pile of #$%$ company known as RIG are getting their just desserts. Once it breaks its NINE year low of $38.47, it should quickly get to the high $20s. Worst company on the S&P 500 by FAR. This company should NEVER be considered as an investment, just a 100% SHORT SELL.
until ALL the longs here go bearish, this stock has a 0% chance of going up. I have orders in for $34, $32 and $29
when it gets to 50% short interest, start covering a little...short interest is about 11% currently. Wait til high $20s to cover and go long.
Blah Blah Blah, blame EVERYTHING except the #$%$ company. You could never see it for what it is, a broken company in a declining sector.