22thoroughbred

Feeling Brave? Try Foster Wheeler

Infrastructure stocks are not trading on fundamentals or prospects, they are being sold like the agri-business stocks, hedge fund liquidations, when they NEED to sell price, PE, backlog doesn't matter, nobody of size will buy into that selling, but when the selling is done, really big snap back. That's why the time to buy is when it just plain hurts. Buy 1/3rd posn now, 1/3rd posn down another 3-4 and the last 1/3rd down 3-4 from there, and wait till it hits $50 again in 12 months, that's how to make money.