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National Oilwell Varco, Inc. Message Board

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  • profrrw50 profrrw50 Feb 1, 2008 7:49 AM Flag

    why is nov down 5+%?

    I understand IBD's momentum philosophy that you should only buy on the way up. But after listening to Cramer, he has the opposite philosophy for a longer term investor, to buy a stock you love because of the fundamentals and growth outlook (like NOV)that might be currently out of favor with the big boys, on the way down to lower your average cost. Maybe this is a good time to adopt this strategy because I assume NOV will wind up at say $100/share in the future and you'll make more money this way.

36.27+2.83(+8.46%)Sep 28 4:02 PMEDT