DPDW traders are trying to pump it back up because they lost money recently. They all bought in before the 10Q and now they underwater and trying everything they can to pump it back up and get out even. It's so obvious. Good luck with that. DPDW is headed lower and it doesn't look good in the short or long term anymore. With the economy getting worse and more government intervention at every turn, I don't expect any increase in offshore drilling for years to come now. What we need is a change of administration or this country is in serious trouble. Cash is the place to be for the next few years. Trade a little for fun but be very cautious with the serious money.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.