GPASAS, you're ever the optimist. On point one, I have no idea who would be buying, it's not in our pool right now to trade the range or even (heaven forbid) go Long, but I wish all the luck to those that can trade this stock for a profit at these levels in this market space. As for point two, that's pretty obvious. As from personal experience, its better to keep 100% of money made, than continue to short it and possibly, depending on what position you have, loose the lot.
Having been impacted immensely by the industry investment slow down in my core business (no pun intended), and knowing first hand what it takes for companies to run rigs in the field, I see little life for BLY in its present format. The risk of collapse in whatever shape, far out way any ability for them to trade out (in this environment).
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