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  • Chicago Bridge and Iron Earnings Mixed, but Buffered by Global Exposure [View article]
    value, I wonder if people think its based on Chicago or something ? :)

    The action has perplexed me, I'm a big infra fan. Lots and lots and lots of resistance in the chart at $44-$45. It will need to get back over that level to bring back the momentum guys. But its a heck of a value here. Been concentrating on FWLT, FLR, and MDR of late.

    SGR is also strangely weak.

    I think people think projects will get cancelled or they are reliant on US credit markets for their customers to get funded for said projects. True for the more US based infra, but most of these are heavily global with customers in Asia and Middle East (cash rich)

    but you cannot talk sense to a herd :) Still like the long run, technically its broken in the near though.
    Mar 28 14:58 pm |Rating: 0 0
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