ENSCO International Inc. (ESV)

[ogbull]

NOV is a volatile day trade stock for short gain. It tracts WTI most of the time but breaks this tract on certain occasions. I'm gonna need to figure out what the "certain occasions" that the market maker is using as buy and sell signals so I can trade a few steps in front of him. My plan now is to buy and sell for a few weeks and work my averaged buy-in price down. I don't like long term holding when the price dips below my buy-in.

I think NOV will move up 8% in the next 10 trading days if crude holds above $30.

NOV will recover after drillers, but when it does, it will run up to maybe $60 to $70 per share. I can deal with that.