Low volume today; it does not count at all let alone "fund mangers" being involved. If you notice it is been having high volumes on up days but low volume on down days. This is usually a good indication that the stock is warming up for a big jump higher. Today's volume barely 50% daily ave.
"On August 4th, Noble Corp plc (NE - Get Report) completed the spin-off of its standard specification offshore rig business into an independent, publicly traded company called Paragon Offshore plc (PGN). Noble distributed one share of Paragon Offshore for each three shares."
Sentiment: Strong Buy
The loss in fiscal 2015 second quarter was a whopping $376.7 million compared to an income of $7.6 for fiscal 2014 second quarter.
Note this huge $376.7 million loss was just in a single quaeter and on the top of $3.84 BILLION in debt company already had;
If this does not smell BK I don't know what does!!!!
Sentiment: Strong Sell
I tried to encourage the newbies here to sell yesterday when price was above $3. Some hopefully listened. Now I repeat this will be revisiting $1.28 of a couple of days ago but may even go under $1 as it did midday earlier this week. Sell and be patient and then once around $1 buy with both fists. JMHO.
will end up eventually at under $1 where it hit midday couple of days ago.
At the price right now of $3 and not including all millions of the cost of that expensive loan and associated costs of law suits and lower revenues because of less clients because of more money requirements, not to mention a damaged reputation, the PE today is 30 !!!
remember that PE of 30 is based on the past income not the significantely reduced future.
NO-one BUT NO-ONE would want to hold this trash over the weekend.
I am not a holder as I have already sold all my shares.
But I wanted to tell the folks specially the newbies to be careful as this may crash sooner than you think.
Just google Citigroup lowers price target on FXCM from this morning to see the whole story