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Non-Tech : Kirk's Market Thoughts
COHR 191.04-2.5%Jan 16 3:59 PM EST
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To: Gottfried who wrote (3497)10/8/2015 1:21:49 PM
From: Kirk ©  Read Replies (1) of 27085
 
I have no opinion on buy or sell since I don't follow RIG but without scanning through my last newsletter for each stock I cover, I'm pretty sure I have at least two tech stocks CURRENTLY with $10/share cash that sell for under $20 while making money.

I believe RIG is both over $30 and losing money so you are probably right about the risk.
Kirk, RIG has >$10 cash per share finance.yahoo.com and TA is looking up, but you're right it's still too risky. I'm selling and buying back covered calls

I remember during both bear market bottoms I was able to buy some stocks at something like a third the cash on their books... it was like I was paid to buy the shares they were so disliked.
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