1. Japan 2. China 3. India cooperating on Iran sanctions 4. Central banks being accommodative on interest rates.
5. Our States needing revenue 6.A continued Mid East crisis 7. The possible withdrawal of an aircraft carrier battle group from the Persian Gulf? This might be perceived as weakness or appeasement? 8. A classic Buffet style value situation.
I reiterate that I might have made a classic blunder in not buying more slowly. I put a lot of money for me, in to this equity on two consecutive days, and probably would have benefited by more patience.
As I type, there is a decent bid on both oil and n.g. Perhaps NOV bottomed yesterday, and we will be redeemed?
Looks like we might catch a bid today back to $68, this would be my guess, but I am concerned with the amount of selling over the past few days, any tick up was met with relentless selling... Let's see if we can manage the volume today as well...