will be an interesting morning tomorrow.
I have shorted the stock this afternoon 'for a trade' as I feel the recent rally won't be backed by fundamentals. However it is difficult call how market will react. The last 3 results from Baker Hughes missed estimatesby between 50% and 110% and the stock didn't really react drastically. Similarly, Schlumberger beat estimates marginally the last 3 times and the market didn't really react drastically either.
It will have very little to do with numbers and all to do with debt, cost controls and guidance.
will be an interesting morning tomorrow. I have shorted the...
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Last
$13.86 |
Change
-0.120(0.86%) |
Mkt cap ! $7.649B | |||
| Open | High | Low | Value | Volume |
| $14.11 | $14.16 | $13.86 | $12.08M | 868.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 13996 | $13.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.87 | 2900 | 1 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| WOR (ASX) Chart |
