I bought some NE and RIG calls today. You may not want to buy but you definitely don't want to sell. Worse thing that could ever happen to longs is to sell at the very bottom.
Today or Monday could be the bottom of NE. Probability? I say 70-80%. Why? Earnings is really bad but selling pressure was not that great amidst a down market, down oil day.
Today or Monday could be the bottom of NE. Probability? I say 70-80%. Why? Earnings is really bad but selling pressure was not that great amidst a down market, down oil day.