I lightened up to a pittance.....300 shares. Don't want to take the risk, esp. since as usual I expect the CEO to do more heavy negative talk on jackups. Last CC he actually pretty much said that there was no hope for an improving jackup market in 2010.

I'm not so sure about a nasty "sell the news" reaction. Yes if it was still 94, but in the mid 80's? I dunno.

Anyway didn't feel like taking much risk because I did well with it the last few days....was tuned in well to its intraday moves.