SSH

I hope Transocean will bring me luck and prove my theory

SSH (2008-05-05 23:16:57) 评论 (1)

A few months back, I read frontline's article about stock FRO. This is quality stock and I missed the opprotunity when it touched $35. Now it is over $58. What a pity. Now the RSI has been over 70 for three weeks, I am expecting a downturn correction between 10-15%, in other words, $5-7. Until then, it will be a good chance for either a credit spread (a safe way) or a debit spread (aggressive way).

Let me check its earning history, the next earning will be very interesting. The expected earning is over 70% 1st quarter 2007. If FRO can beat Well Street analysts's estimate, I won't be suprised to see the stock surge further $15.

SYMBOL

PERIOD

EPS ESTIMATE

EPS ACTUAL

PREV. YEAR ACTUAL

DATE/TIME (ET)

FRO

Q2 2008

$ 1.09

n/a

$ 1.07

18-Aug-08 - 28-Aug-08

FRO

Q1 2008

$ 2.33

n/a

$ 1.30

25-May-08 - 4-Jun-08

FRO

Q4 2007

$ 0.36

$ 0.78

$ 0.81

14-Feb-08

I have talked too much about FRO, now it is time to check my baby RIG (transocean). This is stable growing stock, however, can be sometime be very volatile. Within a week or two, the price can go up/down for $15. It is scary stuff. I need a strong nerve to handle it.
Look at its earings, you will be impressed. 18/04/2008, its RSI touched 70 and the stock started falling, within two weeks, $15 has gone. Since 01/05/2008, it starts jump again, ( $9 up in two days). I am expecting over $12 jump for the next two days ( Currently, RIG's PE is 10 which means a $3.34 earning should move the stock up for $33). After 7-May-2008, I hope the stock will move further up for $20 within the month. Still, a credit spread will do the trick and a 100% ROI will make me happy.

SYMBOL

PERIOD

EPS ESTIMATE

EPS ACTUAL

PREV. YEAR ACTUAL

DATE/TIME (ET)

RIG

Q3 2008

$ 3.55

n/a

$ 2.12

5-Nov-08

RIG

Q2 2008

$ 3.38

n/a

$ 1.84

6-Aug-08

RIG

Q1 2008

$ 3.34

n/a

$ 1.77

7-May-08 BMO

RIG

Q4 2007

$ 2.54

$ 3.40

$ 1.25

20-Feb-08 BMO

RIG

Q3 2007

$ 2.09

$ 2.12

$ 0.83

31-Oct-07 BMO

RIG

Q2 2007

$ 1.72

$ 1.84

$ 0.42

1-Aug-07

RIG

Q1 2007

$ 1.45

$ 1.77

$ 0.49

2-May-07 BMO

RIG

Q4 2006

$ 1.19

$ 1.25

$ 0.45

14-Feb-07 BMO

SSH 2008-05-07 22:44:26

RIG followed my instruction and went up $4 in 06/05/08. But it droped 45cents last night due to pessimism of the whole market. The dow dropped 200 points last night, so It is not bad for rig. And I am expecting the stock to go up tonight since its earning beat Well Street estimate by over 15%. Good luck to myself.