Betting on Oil?

I am buying this stock because the world needs a lot of oil now, and they make a simple device to look under the ocean for where to drill for oil. They are an old company, but looking under the ocean has only become popular recently because oil is so expensive. America is starting to look in new places, so in China, and Brazil has found a huge amount off its coast. If oil stays expensive companies (and countries) all over the world will keep looking under the ocean for new oil because there isn't much more on land.

This company BOLT is very small, only 60 million revenue, 15 million profit, so if one of their leaders dies, the company could have a big problem, but they could also grow with the underwater oil industry. I think the 10-k makes it very clear and honest how their company runs. All companies should have 10-k's like this, but most don't; so their 10-k is like a good book on what a good company should be.

I don't think you should buy just yet because bad news is still coming. Stock markets are crazy, but the economic growth will keep slowing down awhile, and that should push the market down. Next there will be bad news all over the world. Everyone has lost a lot of money, even your country. Lucky your country has a lot of money in the bank :), but soon there will be much less demand for everything people make in China. Americans have stopped buying everything. Europeans, too. Unless the young Chinese people start buying all that stuff you make, your country's economy will just stop growing suddenly as factories have to slow down or stop. If that happens, then your government can spend its savings to make jobs, maybe build roads, or soccer stadiums in every city - they will have to make cheap work that employs lots of people. It also depends who wins the presidency here... So save your money to go shopping there in six months when the economy needs it more.