Do you all remember Sun Edison? Well, I've tried picking a 'long term' bottom on SDRL 3-4 times. In total, definitely lost some R's, but each got smaller as SDRL kept sinking. From here, it will be bankrupts in months if not weeks...
SUNE has been a popular and momentous stock over the past few months. However, due to serious financial instability and other fundamental flaws, I believe that this will reach new lows. If you see the long term channel on the monthly chart, you can see 1.6-2.0 is clearly in sight. The blue box indicates a buy/cover signal. NYSE:SUNE
The famous hedge fund hotel are on fire! Looking to pick up this one near the psychological level of $2, and a wide stop at the lows of July 2012 to play on the bounce back to $6.5. Fundamentally there is a big risk of bankruptcy given the credit risk, 600 million cash remaining and debt interest at 15.4%. I will not be holding on for long, do keep your position...