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Drillers

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August 16, 2011 – Comments (0) | RELATED TICKERS: NOV , ATW

Intrested in hearing the fool community feedback on buying two highly correlated securities within your portfolio?  Good, Bad, Depends?

Securities in question are ATW and NOV....if you chart their performance over the past 1M, 6M, 1Y even today...they move lockstep ;)

I know I'm exposing myself to systemic risk and collapse of the Drillers....but I think over the long haul it's a sweet place to be....thus the reason for owning both...valuations seem very reasonable as well.

 

 

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