Actually PKB (infrastructure ETF) had a HUGE buy in this morning
and FWLT is sitting at or just breaking down today from wkly
trendline support and vol down is not so large. Also there are some
bullish fundamentals for this group, so who knows? Haven't sold my
longer term position yet cos it looks like a mickey mouse selloff
so far to me.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
FWLT & infrastructure
FLR
Posted by kreem on 7th of Jul 2008 at 02:55 pm
Actually PKB (infrastructure ETF) had a HUGE buy in this morning and FWLT is sitting at or just breaking down today from wkly trendline support and vol down is not so large. Also there are some bullish fundamentals for this group, so who knows? Haven't sold my longer term position yet cos it looks like a mickey mouse selloff so far to me.