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Stock Picks Bob's Advice
Wednesday, 25 July 2007
National Oilwell Varco (NOV) "Trading Transparency"

Hello Friends!  Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice!  As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.

A few moments ago I purchased Position #20, after getting a 'permission slip' yesterday after my partial sale of Kyphon at a gain.  (See my previous entry for more details on that transaction).

Looking through the list of top % gainers today, I came across National Oilwell Varco (NOV) which as I write, is trading at $116.47, up $4.14 or 3.69% on the day.  I have not discussed this stock previously, and I owe all of you a good review. 

I purchased 105 shares at $117.92, so I am actually down a bit over a point on this one already :(.  NOV announced strong 2nd quarter 2007 results today which drove the stock higher in trading.  The 5-Yr Restated Financials on Morningstar.com appear solid. And I went ahead and bought some shares!  Wish me luck.  I am a bit under my purchase price already, but time will tell if this one works out.

NATIONAL OILWELL VARCO (NOV) IS RATED A BUY

Bob 

 


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