SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Razorbak who wrote (57294)12/23/1999 12:27:00 PM
From: diana g  Read Replies (3) of 95453
 
RIG Situation ----
RIG being added to the S&P500 has certainly put a crimp in my dip! <G>

But I don't think the potential for a dip has been eliminated. Not at all. RIG is rising nicely and out-performing the sector just as would be expected since it will soon be an S+P500 company, but those 100+ million shrs aren't in play yet. Not all will be, since index funds, mimics, et al won't now be selling, but there will still be a sizable # of shrs for sale, imho. When they are, I expect we will see selling pressure. Not like it would have been, but potentially still substantial.

I'm disappointed that RIG won't be 'On Sale' in the way I'd expected, but still looking for a possibility of getting back in at a good price. ---Not in this century, but after the new shrs are out.

regards,
diana
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News