Lots of investors are eager to jump into what they see as a buying opportunity in the BP Gulf oil spill, including me. Yesterday’s spike in share prices makes it look as if the window of opportunity may be closing. Don’t be too sure. In a note sent to clients Monday, Cumberland Advisors Chairman David […]
Tag Archives: RIG
The Case For Transocean
Transocean (RIG) was the most ridiculed addition to our watch list when it traded at more than $90 and our target buy price was a seemingly impossible $50. It closed yesterday at $54. When was it last over $90? You might think it was months ago. Nope, try April 22. In a month, it’s fallen […]
