Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Foster Wheeler (FWC) beaten down but why -- Ignore unavailable to you. Want to Upgrade?

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

Loretta, 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, Wolfgang