playtohavefun

Transocean Reports Solid Earnings, Time to Short?

This is the dumpiest thing I have ever seen on the Streets. RIG has doubled its profits and with a significant locked in hike in the day rate all the way through 2012, and yet the market treat RIG with a drop. From the sub-prime crisis to the way the oil price and the economy is handled, the Wall Street is really in need of some common sense intelligence.