Transocean Ltd. (RIG)

[joseytheoutlawwales]

Perhaps, much of it happened already today. But I do think we have a high potential for drifting 30-40% lower than where we are today.

While I'm confident in RIG long term, I actually sold 400 shares today...not super concerned over 1 dividend, and it's only 20% of my position in rig.

However, I had to lighten the position in view of the divi cut and the possibility of buying back in lower. If I cannot, oh well.