RIG - TOO CHEAP FUNDAMENTALLY - FACE RIPPING SHORT SQUEEZE
Monthly chart shows divergence in momentum and price , this will soon lead to no more sellers , because now the float is hostage. Any buying triggers a massive short covering , which should lead a stock price north of $25 dollars a share 3 - 6 months
Stock has been under masterful accumulation and will continue to be. This trade is almost identical to the playbook of buying CHK , SDRL , SUNE , FCX , HTZ
Enterprise value = $10 billion
Market cap = $4.6 billion
Revenue = $6.9 Billion
This stock looks like many energy companies , which were priced for bankruptcy. With improvement in the junk bond market, I feel accumulating this stock and others like it.
10-------------15----------20--25---30 Try accumulating between 10 and 13 and adding on a break of 15.
Stock has been under masterful accumulation and will continue to be. This trade is almost identical to the playbook of buying CHK , SDRL , SUNE , FCX , HTZ
Enterprise value = $10 billion
Market cap = $4.6 billion
Revenue = $6.9 Billion
This stock looks like many energy companies , which were priced for bankruptcy. With improvement in the junk bond market, I feel accumulating this stock and others like it.
10-------------15----------20--25---30 Try accumulating between 10 and 13 and adding on a break of 15.