That was my heading from Nov. 27th. I am frustrated also. While the market seems heading up, it is almost as though the stocks from the coal. infrastructure grooup ate trending down. It seems as thoght the funds are dumping their winners. Strange. I can't seem to otherwisw explain the action of the stock. I bought just days ago at 19.76 so I'm in the hole. CBI is announcing many contracts and is still going down. Does anybody have a reasonable explanation? Thanks.
Been wondering, I, too, am very long on CBI but it feels like an institution-mutual fund has been selling not buying as the price has dropped from 20+ to 17+...bought more but it seems that some fear Dubai, but that seems unfounded, the refinery work that CBI does in Dubai is not the Dubai world project that is in default...Below is from Yahoo investment board the insider-institutional transactions:
Net Institutional Purchases - Prior Qtr to Latest Qtr Shares Net Shares Purchased (Sold) (20,722,300) % Change in Institutional Shares Held (35.1%) Data provided by Thomson Financial.
I have emailed IR and called but have not received anything nor has my call been returned.