Thursday, March 08, 2007

Buy FLR Fluor

Buy FLR Fluor

I buy a small position in Fluor. The company reported blowout earnings during the market selloff. There is an old wives tale that stocks that get to 90 almost always make it to 100. Chart looks like a classic liftoff into heavy resistance, if it can clear that, it can move much higher.

Current holdings: BA, FLR unhedged
hedged: C, CHRW

No comments: