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Non-Tech : Foster Wheeler (FWC) beaten down but why

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To: Loretta Fern who wrote (18)3/19/1999 4:45:00 AM
From: wolfgangl  Read Replies (1) of 24

thank you for your most valuable post. I checked insider trades at Zacks and Yahoo. There were only buys since December.

The $1.000.000 question at present might be, if the oil price will recover.
I believe, that this could happen, when Japan will have bottomed out.
To a lesser degree if OPEC manages to limit capacities.
TA shows that we might have a bounce in a downtrend for both the Nikkei and the oil price. Latest reports on the fourth quarter in Japan were very disappointing.

Volatility in FWC has almost dried out, a downward mid term trendline was broken, but the price is moving sideways rather than upwards.
Something could happen any time. We ought to be vigilant in order not to miss a rally. I would buy only after it started.
SLB as well as the oilprice seems to run into resistance soon. The rally could be over already.

Thanks again for your research efforts,

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