Very interresting level.., but it is still a falling knife. I would like to see at least 1 or 2 weekly positive bar(s). You might be right - espesially if you are willing to double down. There is support at current levels from 2003 and 1999. : ).
Still no second position. I'm happy to hold this small position long term. We should start to see some comments come out in support of RIG as we get closer to earnings. 2/25. In addition, the almost 20% dividend will likely become an issue as earnings approach.