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Nabors Industries Ltd. (NYSE:NBR) will release the third quarter earnings for 2009 on Tuesday, October 20. A conference call will be held the following morning at 11:00 am ET to discuss the financial results.
I suspect they will beat the street and go higher–Then you can short at that higher price. $24
This is sell the news earnings event!, imo.
Wanted to give you show a 6mo chart from f8

If NBR is down in price on the earnings, it turns into a buy the dip trade.



