OleP on September 14th, purchased 25000 SchlumShares at $17.95ea. Being a savvy investor and in true Schlumberger planning excellence, his share value has fallen by $50000 as of Friday close. I'm sure that all his cheerleaders would have piled in in shortly after his savvy purchase - they are now approx 11% down.
I have a feeling that the 3rd quarter results are going to be worse than dreadful. Strap yourselves in for a helluva ride and sacrifice the cheerleaders first.
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Now down $74000. Oh dear.
$62500 down now. Go Schlumberger, go! In the Blue family way. I'll bet as many $$$$ as you like that the simpering cheerleaders will not be gushing their usual sycophantic praise in the comments on the home page
Here is what does not make sense. You would buy the stock after bad news, not before.
It would have made sense for him to buy stock after the release of the Q3 numbers. Nothing about his stock buying makes sense.
Gentlemen, and Ladies, take the advice that I have offered to Jeff Miller, CEO of Halliburton, by telling him that all that is needed to turn Halliburton around, is the adoption of a NEW corporate logo.
Guaranteed WIN, as our customers, (AND YOURS COULD TO) would be thoroughly impressed with our forward vision, and committment to bright colors and even better buzzwords.
Share price is dropping..... Tick, tick, tick, tock
Same thought here but you beat me to it.
Thats true. It all seemed like marketing ploy to prop the company up from its true evaluation down the road. Good observation
Funnily enough I was thinking exactly the same.