HMAR's chart looks very similar to me to TDW. Why they have languished around their lows while all the rest are breaking out is a mystery to me. It concerns me, but I'm holding on to my TDW (TMAR too). You're right, the stochastics look good, with a buy signals on both HMAR and TDW, but the lower lows and lower highs concern me. These boats are definitely out of favor right now and I don't think they deserve the treatment they are getting (I felt the same way about the disk drive makers. But time and time again this sector has proven to me that it is NOT like the disk drive makers. Very few negative earnings surprises, but we are getting negative earnings estimate revisions).
Looks like we own a lot of the same companies (TDW, CDG, DO, NE, FLC, UTI, PTEN, PDS, EVI,). Big Dog doesn't like HLX, FGII beat them out on several contracts recently and they apparently have management and manpower problems. I got bored with GLM a long time ago (I think this is the stock to buy for people who don't know the sector and want to get their feet wet. They're too big and diverse to do anything exciting IMO). Why would you sell your NE?
Have you considered VRC and FGII? |
