ASX is responding immediately to the pollution and moving manufacturing assets quickly to maintain production lines and satisfy their consumers. This is blip in strong and predominant company in its space. I'd expect a recovery to higher levels in PPS by weeks end. Thinking about doubling my position here.
NOV is a predominant company in its space with world wide assets and improving financial results. Those betting against that are going to caught in a massive short squeeze, this is not a company to short at these levels. Just fair warning.
A month from now you could be counting your profits in NOV. It's not a day trade deal, but a few weeks from this level NOV will be higher. So complaining Day Traders, don't waste your time moaning over a day's move, get the time horizon right.