ESV Guides lower, we get stopped out
ESV has some problems in the Gulf of Mexico which will hit Q3 earnings.
We still have another driller - ATW (up 54% since we bought) - and I think if you wanted to get more, NE or RIG might be a better bet right now than ESV.
As you can see from all other drillers (ATW, DO, RIG, NE) this sector remains hot - it's an ESV specific problem.
You could jump in and bottom fish.
We still have another driller - ATW (up 54% since we bought) - and I think if you wanted to get more, NE or RIG might be a better bet right now than ESV.
posted by Andrew at
10:14 AM
1 Comments:
I am not a believer of Stop loss strategy …especially when the times are very volatile.
Some of the stocks stopped out in your case have gained in the next trading session.
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