tag:blogger.com,1999:blog-356883599458070666.post3893308379881619507..comments2023-07-13T09:44:55.197-04:00Comments on Your Health & Wealth: Transocean (NYSE: RIG): Expect to See Price Drop Around Earnings Release on February 23, 2011Anant Goelhttp://www.blogger.com/profile/15268982492065585903noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-356883599458070666.post-42742339530206969942011-04-24T12:31:23.585-04:002011-04-24T12:31:23.585-04:00Coast Guard report is pieced together after the fa...Coast Guard report is pieced together after the fact... after the rig blew-up and sank. The report is based on interviews and comments by surviving employees and BP operations staff in Houston... and as such is subject to interviewer's interpretation and conclusions.<br /><br />There are NO hard facts [or smoking gun] to prove what is concluded in the Coast Guard Report. It is all hearsay and subject to differing opinions and conclusions.<br /><br />You said...<br /><br />"Their is no way RIG wont pay . . . US Coast Guard ( Govt.) has put most of the blame on their operations and no indemnity agreement will ever stand up against a company's failure to meet or comply with federal safety standards."<br /><br />What were you thinking when you wrote that?<br /><br />If the company or the rig failed to meet or comply with federal safety standards... then why was the rig still in GOM waters operating? Why wasn't the rig shut down and sent home to dock?<br /><br />There are other factors that the will effect RIG pps... Coast Guard report will not be the one in mid to long-term. <br /><br />Yes, in the short-term the pps would suffer to some degree.Anant Goelhttps://www.blogger.com/profile/15268982492065585903noreply@blogger.comtag:blogger.com,1999:blog-356883599458070666.post-24218493741477287902011-02-22T20:05:09.850-05:002011-02-22T20:05:09.850-05:00SELL signal confirmed for RIG at $83.32.
I hope t...SELL signal confirmed for RIG at $83.32.<br /><br />I hope that you sold this stock. You should have watched the downward gap at the opening, waited a bit, feel the bearish tendency of the market making sure that prices stay below the opening price [of $83.32] and then sell your shares. Your benchmark was the opening price [$83.32] of the downward gap. A weakness in prices is implied as long as the prices stay below the benchmark [now at $83.32].<br /><br />If you sold, keep away from this stock until the confirmation of a new BUY-IF signal. What to do if you did not already sell? Maybe you did not have time to follow the session. Well, it is a bit late, but not too late. You may still find suitable prices for selling your shares in the trading sessions that follow tomorrow.<br /><br />The market is an inviting one for short-sellers. Risk lovers may now go for short sale. <br /><br />I hope you made some money today.Anant Goelhttps://www.blogger.com/profile/15268982492065585903noreply@blogger.com