Discussion in 'Stocks' started by jsv416, Mar 5, 2009.
anybody got the news for what the hell is going on in RIG. Big move down on volume?
What if someone told you it might go to 67 shortly!
I would damn sure like to see that. I am long the stock and just got in on an apr 55 call going into the close yesterday. But I still cant find a reason for that huge volume sell off that started at around 2:00 yesterday afternoon. No news that I can find to account for that. I guess we shall see, but if rig closes below 50, it might be in trouble. I just dont see the worlds top deep water driller going tits up. No matter what anybody says, oil is not going to be replaced anytime soon as the primary source of energy for the world and the companies in the oil service sector are still going to be busy for a long time.
found it. Downgraded at Morgan Stanley. They must have their heads up their arse....
The April 60 might have been a better call!
Time will tell!
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