Gordie

Why I am Closing Chicago Bridge and Iron

I took CBI's 1st quarter miss as an opportunity to ADD to my position. Foster Wheeler missed their last quarter and that also was a great opportunity to BUY. Infrastructure will be a good play for quite some time and isn't for day traders. Take your profits but buy on the dips!

Why I am Closing Chicago Bridge and Iron

I took CBI's 1st qtr miss as an opportunity to ADD to my position. CBI is a BUY. I wouldn't classify FWLT as a sell just because they missed their last quarter. The dip in price of Foster Wheeler would also have been a great buying opportunity. Infrastructure isn't for day traders. CBI will be a great play for years...take your profits but be sure to buy on the dips!