GLF has retraced almost 100% after the downtrend breakout. If it bounces on the previous low it is probably a shorting opportunity.
GLF is in a strong downtrend, but i'm expecting a breakout to the upside. Please don't try to catch the bottom, wait for a solid breakout.
Ladies and gentlemen, I recommend you the idea of the pair trade: it is long position in the company CLB (Core Laboratories NV) and short position in the company GLF (Gulfmark Offshore, Inc.). Stocks of the company CLB are stronger than GLF since 2004. Now we have a good impuls/momentum in this papers (CLB vs GLF). I think that next 2 months stocks of the...