Dave: re: nice call Diana:
As I recall, she said (as my limit order to buy at 24 cleared) that the selloff in early January would drive the price around 20% lower, to around 19. Right now, the price is 32 1/2. I said in December that the low 20s was the bottom, and it was up from there. What , exactly, are you calling a nice call?
At the moment, I'm considering whether to sell, for a nice 30%+ profit in one month, or hold longterm. RIG has been in a trading range, about 32-24, for a while. For a long time, traders have made more than BuyAndHolders in this sector. If we bump up against 32, but can't sustain a move above it, and the overall market looks ripe for a selloff (as long bond rates move steadily higher, and everyone prepares for the 4th and 5th Fed hikes) then I may sell. It's a bird in hand. I've placed some limit orders to sell the 70% of my portfolio that is in tech stocks I bought in summer/fall 1998. I'd rather sell them than RIG, at this point, but I'm not sure I want to hold anything but cash.
On the other hand, the dip in December may have been the last chance to get this stock in the low 20s. Short term, it looks like we're seeing a rotation out of techs, into value stocks, which RIG certainly is.
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