Saturday, June 21, 2008 3:45:24 AM
Re: RIG
I had been trading RIG since 144. Yes it is an unbelievably slow climb. I was really hoping to see RIG close over the $150 strike for xpry. It's like a backward trading stock. I watched it open higher and sell off by lunch this entire week. Definitely one you have to buy later in the day and hope for a gap open in the morning.
It posted a higher high and a higher low this week so my gut tells me the world's most advanced oil driller will break 150 sooner than later.
I had been trading RIG since 144. Yes it is an unbelievably slow climb. I was really hoping to see RIG close over the $150 strike for xpry. It's like a backward trading stock. I watched it open higher and sell off by lunch this entire week. Definitely one you have to buy later in the day and hope for a gap open in the morning.
It posted a higher high and a higher low this week so my gut tells me the world's most advanced oil driller will break 150 sooner than later.
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