11-28-2014, 09:25 AM
As I have posted before, I hold a lot of stocks for this very reason: I'm out on a trip, out of "financial touch" due to the hours I am flying, and WHAM a stock tanks almost unexpectedly. I slept fine through all of this, but Rule 1 is don't lose money so SDRL's actions still kinda torques me off.
So now I'm at a crossroads:
Continue to hold my SDRL shares sans dividend and see what happens (it isn't a loss until I sell for the new folks here).
or
Bailout, save what I can, and learn something from the adventure....
The Guru opinions are all over the place from "a good move that will make them stronger in the credit markets," to "just another lying management team" to talk of further declines and possible bankruptcy....
Are we in the midst of a huge economic shift away from drilling and exploration?
Any thoughts?
So now I'm at a crossroads:
Continue to hold my SDRL shares sans dividend and see what happens (it isn't a loss until I sell for the new folks here).
or
Bailout, save what I can, and learn something from the adventure....
The Guru opinions are all over the place from "a good move that will make them stronger in the credit markets," to "just another lying management team" to talk of further declines and possible bankruptcy....
Are we in the midst of a huge economic shift away from drilling and exploration?
Any thoughts?
There are people who use up their entire lives making money so they can enjoy the lives they have entirely used up
Frederick Buechner
Frederick Buechner