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General Cable Corporation Message Board

  • ntack5 ntack5 Jun 17, 2008 1:15 PM Flag

    Above 200 DMA

    if it can stay above the 200 day moving average, then we are off to the races...unless recession picture gets much worse than already factored in.

    I'm long BGC. Any economic bad news is already factored into the price, but I believe that the economy will get stronger with the economic stimulous already in place. Inflation in terms of raw material prices are probably the largest risk, but I believe General Cable management knows that it can pass along higher prices to their customers.

    Buy!

 
BGC
14.55-0.19(-1.29%)Aug 31 4:02 PMEDT