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NOV, DO; Cheap and Oversold

Wednesday, April 30, 2008 at 11:26 pm

1

NOV

Both these stocks are cheap, with PEGs near .35, and have pulled back to support. (NOV: 43.94 +0.11%) released earnings today.

UPDATE 2-National Oilwell Varco 1st-qtr profit up 44 pct.

DO

(DO: 89.56 -0.02%) may have completed a very pretty pullback. Diamond Offshore reported earnings yesterday. Here is the transcript from their conference call: Diamond Offshore Drilling, Inc. Q1 2008 Earnings Call Transcript.

Both stocks closed up in the after-hours market.

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Posted by Woodshedder on Wednesday, April 30, 2008 at 11:26 pm 
Filed under RSI(2) Oversold Play · Tagged with

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Comments

One Response to “NOV, DO; Cheap and Oversold”
  1. Employee8 says:
    May 1, 2008 at 1:14 am

    I almost bot DO today around 123 then the market started selling off …. decided to hold off and wait for 120. It seem to open first thing on the down side and you can scalp a point or two off the previous close but she bounces back quickly.

    Reply

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