Do you all remember Sun Edison? Well, I've tried picking a 'long term' bottom on SDRL 3-4 times. In total, definitely lost some R's, but each got smaller as SDRL kept sinking. From here, it will be bankrupts in months if not weeks...
reverse split ,
= less shares
= easeir to pump
= sell of new shares to pay off some debt when price jumps,
=drop of price again [and dump]
rinse repeat
= DRYS, etrm
Looks like an "absolute zero" trade bro! Maybe a capitulation tomorrow am....and then consolidation till Bankruptcy starts at the end of the month...
Reallifetrading
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@jacant, POSSIBLY... YEP. I just tried that earlier, back in FEB. IT was a NO go.. so we shall see! ;-) I won't be playing it bullish from here. Maybe as a day trade I will.. :)
= less shares
= easeir to pump
= sell of new shares to pay off some debt when price jumps,
=drop of price again [and dump]
rinse repeat
= DRYS, etrm