per share. Massive selling at the bottom a few years ago in PIR found buyers at .10 cents per share, only to see mid 20's thereafter.
So if ORIG finds a new 5 week low, I'm doubling down.
With my last buy just before most recent close, my cost basis is just under $1.00 per share.
I'll continue to cost average down if given the opportunity.
Today I've spent a lot of time measuring other offshore drillers cash to debt etc. and have found ORIG at the lowest risk of bankruptcy. That said, I really would like to see ORIG rid itself of DRYS asap.
bag holders LOL
Could you be just a little more obvious my little bag holder. Trust me, this stock has been heavily manipulated to destroy wannabe investors like yourself who bought WAAAAAY to soon in a down market.
Reminds me of PIR when it hit .10 cents from mid 20's, only to go right back up to mid 20's thereafter.
Watch what happens to ORIG once the weak hands leave here for good and watch from the sidelines.
My cost basis is below a buck and I thank you for losing your money to new buyers here.
I bought HL & HMY on the cheap, but just started buying here after extensive DD. Bottom line, it's all a risk. All we can do is measure the risk we can afford. Those really at risk here, are the shorts who've yet to cover.
Personally I'd like to see ORIG rid itself of any relationship with DRYS asap. That alone would likely move the stock higher, but yes it appears ORIG will weather the storm through 2016 regardless of what OIL prices do from here.
I bought my 4th position here, lowering my cost basis even further below $1.00 per share. Ignore the bashers here as they've already taken huge losses and simply haven't moved on.
Where's the cheer leader LOL
jrmills0014......Must eat you up inside seeing traders like myself waiting until the actual bottom was established before buying here and making awesome gains.
Only reason you bash others on this board, is because U R A moron who bought much much higher. So take it like a man and bend over for shorty who crushed you like the fool you are.
Lyle, get that cheer leading skirt back on, or this TURD is heading below a buck again.
Bought 10,000 for day trade at $1.01 and will look to sell soon as VOLUME sucks.
You both suck lol.
who started buying in the very low 1's and cost averaged below a buck, aren't really interested in hearing a bunch of cry babies on this thread.
Just man up and move on OK.
LOL.......Lyle bragged about buying more all the way to mid 2's, saying he wasn't selling "ANY" shares until this stock was much higher.
What a LOSER!!!
ps. Did I tell you this was heading back below a buck? YEPPERS
So naturally this stock is heavily MANIPULATED by savvy traders. CEO is a clown and should be removed from this failing company a very long time ago.
BOTTOM LINE: If his PR smells like _ _ _ _, looks like _ _ _ _, guess what LONGS, it's a big pile of it every time CEO opens his mouth.
ORIG oversold big time.
All we need is some positive news and this stock doubles or triples FAST.
Better question, did you buy penny shares of PGH?
$10 a share? A lot of positives need to come ORIG's way for that to happen. I personally don't trust the resent OIL rally, so just trimmed some day trade stock at $1.19 as tomorrows another day.
ps. Still some very nice gains considering my below $1.00 per share cost basis per share.