Thanks, I appreciate your input on this. It's a very confusing time. I made a little on this and NADL. Wish I would have gotten PBR at $5 when I had the chance... oh well.
I'll get back in when I feel comfortable again. SDRL at $9 was a bargain IMO so I couldn't pass that up. Also felt we weren't going much higher than $14.5 which is when I sold. If I held on for another 2 days I would have made a bit more, but can't complain on making a decent profit.
I don't think charts are completely worthless. They can still give you some indication of when people are buying and selling. Just can't predict price of oil factor.
I absolutely love when people say technical analysis doesn't work, as sorry, I was a day late. technical analysis called this major balance today, whether you like it or not