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Author Topic: Bought RIG at $44.3  (Read 1293 times)

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wilbur

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Bought RIG at $44.3
« on: January 24, 2014, 11:18:20 am »

Wish me luck!
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hog.goblin

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Re: Bought RIG at $44.3
« Reply #1 on: January 25, 2014, 12:28:56 pm »

Wish me luck!

normally I like a value play, but I'm concerned this one may be down for multiple years
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HoginMemphis

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Re: Bought RIG at $44.3
« Reply #2 on: March 17, 2014, 06:35:57 pm »

 Just about 6 weeks too soon. It is in a bit of a dive since you invested in it. Been going down for years though.
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wilbur

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Re: Bought RIG at $44.3
« Reply #3 on: March 18, 2014, 08:21:34 am »

Just about 6 weeks too soon. It is in a bit of a dive since you invested in it. Been going down for years though.

I'm not too happy on this one. 
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HoginMemphis

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Re: Bought RIG at $44.3
« Reply #4 on: March 18, 2014, 09:58:50 am »

I'm not too happy on this one.
I am the furthest thing from a chartist or a technical investor but take a look at 10 year price chart of RIG. It's basically gone straight down for years and years. It was where it is now 10 years ago, went up to $180 in '07 and has been in a dive since late '07.

In their defense, no deep water offshore drilling services provider has done well in the last 10 years that I am aware of. The dividend gets some people to put $ into it. I would avoid letting that the the decision driver. My  best investments over past 2 or so years:

HPQ
LVLT
CX
STX

Amazing run for all 4. And I've held HPQ only since late 2012. Got most of what I have in it between $12 and $15 so it is a bit over a double for me in a little over one year.
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HoginMemphis

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Re: Bought RIG at $44.3
« Reply #5 on: May 03, 2014, 10:35:55 am »

Aren't you glad you didn't panic sell your recent investment in RIG? It's back to $43.

I don't know if you noted the stocks I mentioned in last post I made on this thread, but LVLT was up 16% this past Wednesday. It is about a double in the past 12 months.
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Tomhog™

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Re: Bought RIG at $44.3
« Reply #6 on: May 20, 2014, 12:12:42 pm »

I have RIG in my portfolio.  I hope it continues to go up. It does pay a decent dividend if I remember correctly.
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HoginMemphis

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Re: Bought RIG at $44.3
« Reply #7 on: December 04, 2014, 08:49:15 am »

Wilbur: ouch!
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PorkRinds

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Re: Bought RIG at $44.3
« Reply #8 on: December 04, 2014, 09:09:02 am »

Wilbur: ouch!

I bought this morning at 19.14.  Hoping it'll start the slow climb back up. ;)
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