Transocean Ltd. (RIG)

[risk on]

It's putting In A bowl shaped round bottom, and frankly it seems to have fared ok after today's open, just doesn't seem to want to go below that $ 17 mark, but we are in uncharted territory, and once I'm seeing more concrete here, I will add even more to avg down. I hold a lot here, relatively speaking in a longer term acct, for one reason, the divi. But, I do see an OPP forming here very soon for a nice rebound. I don't think many would of predicted RIG being this far beaten down, I know I didn't.