U just need to hang in there. Hedge funds dump NOV cause it's been a poor performed...this is end of quarter
window dressing... they want to be where the action is netflix, etc
But NOV can move very very fast when it moves. I just been consolidating. Pull up a five year charge to see the consolidating....it's been making higher lows during sin 2011. DON'T get wrapped up in its day to day or week to week fluctuations... just hold it long term. They are borrowing money so cheap..the average cost of robbin meyers $3 billion loan was so cheap that they are bound to make money. $500mil for five years @ 1.35%;
$1.4 billion for 20 years @ 2.6% and $1.2 billion for 30 years @ 3.95%. = $ 3 billion. NOV doesn't usually finance aquisirtions.. but this was a no brainer...whatever Robbin Meyers retuns over these rate is profit..