TB11741
Long

RIG - TOO CHEAP FUNDAMENTALLY - FACE RIPPING SHORT SQUEEZE

NYSE:RIG   TRANSOCEAN LTD (SWITZERLAND)
262 0 3
Monthly chart shows divergence in momentum and price , this will soon lead to no more sellers , because now the float is hostage. Any buying triggers a massive short covering , which should lead a stock price north of $25 dollars a share 3 - 6 months

Stock has been under masterful accumulation and will continue to be. This trade is almost identical to the playbook of buying CHK             , SDRL             , SUNE             , FCX             , HTZ            

Enterprise value = $10 billion
Market cap = $4.6 billion
Revenue = $6.9 Billion

This stock looks like many energy companies , which were priced for bankruptcy. With improvement in the junk bond market, I feel accumulating this stock and others like it.

10-------------15----------20--25---30 Try accumulating between 10 and 13 and adding on a break of 15.
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