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 : Big Dog's Boom Boom Room
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jacob Snyder who wrote (155903)8/23/2011 3:26:40 PM
From: Jacob Snyder  Read Replies (1) of 206328
 
RIG chart and buy plan:

RIG is not a BuyAndHold stock. It has now given back 109$ of the 143$ runup, from the 2002 low of 18$, to the 2008 high of 161$. The stock price is yanked up and down by high debt, erratic dividends, hi capital costs combined with little visibility into future demand for offshore drilling, and erratic oil prices.

Stock troughs at around:
1. LT support line of 42$, coinciding with
2. volume 2 or 3 times normal (best indicator)
3. RSI is below 30 on weekly chart
4. MACD crossover
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News